& lsquo;Made in HK& rsquo; brand suffers as US-China row deepens
HONG KONG, China—At the Koon Chun Sauce Factory workers are scrambling to cover hundreds of thousands of bottles with new “Made in China” labels as the popular Hong Kong brand falls victim to spiraling diplomatic tensions......»»
China blocks use of Intel and AMD chips in government computers – report
The procurement guidance also seeks to sideline Microsoft Windows and foreign-made database software in favor of domestic options, a Financial Times report says.....»»
‘Not war with China; don’t rely only on US’ – Marcos Jr.
In an interview on Bloomberg TV last Wednesday, as reported in another national daily, he made two related comments that could represent important government policy stands. First, regarding China’s increasing aggressive moves against Philippine vessels in the West Philippine Sea; second, about the United States’ repeated assurance of its “iron-clad” defense commitment under the 1951 Mutual Defense Treaty. The post ‘Not war with China; don’t rely only on US’ – Marcos Jr. appeared first on Bulatlat......»»
WPS tension: Chinese vessel blocks PH research ship
A China Coast Guard (CCG) vessel again made “dangerous maneuvers” on Thursday and tried to block a Philippine fishery vessel carrying marine scientists conducting research in the West Philippine Sea or WPS. Commodore Jay Tarriela, Philippine Coast Guard (PCG) spokesperson for the WPS, told a press briefing on Friday that CCG vessel 5204 crossed the.....»»
HONOR Unravels Porsche Design Honor Magic V2 RSR in China
Global technology brand HONOR and Porsche Design unveiled the PORSCHE DESIGN HONOR Magic V2 RSR in Shanghai, China. Being the thinnest inward foldable phone in the market reflecting the expertise of the respective partner, the PORSCHE DESIGN HONOR Magic V2 RSR sets the stage for a future of innovation and design. This momentous partnership between […].....»»
Humanity’s holocaust
In a war, there is no justification for protagonists to resort to slaughter and the abduction of civilians, which are acts of cowardice and unbridled evil at the same time. Using weapons to harm civilians is unacceptable in the civilized world, which makes the Hamas act on 7 October and thereafter the exact definition of terrorism. The release of hostages in batches does not improve the image of Hamas to the world, which has become aware of the ruthless character of the group supposedly fighting for the independence of Palestine. Hamas practices the same brand of terrorism as the Islamic State and the Abu Sayyaf and Maute groups in the local setting, all abominations of the faith that teaches peace and coexistence. The 7 October terror attack was the worst in Israel’s 75-year history, if not the world’s, with the massacre of 1,400 individuals by a murderous horde that crossed the border from Gaza. Around 200 foreigners were confirmed dead by their national authorities, many also holding Israeli nationality. Israel estimates 222 people were abducted. The United States reported 31 dead, 13 missing, others abducted, with 13 Americans unaccounted for. Hamas released two American hostages on Friday, which was calculated to delay the imminent ground assault by Israeli troops. Another two Israeli hostages were released on Tuesday. Thailand has among the most casualties after Israel and the US, with 30 dead. Some 19 Thai hostages are in the hands of the terror organization. About 30,000 Thais work in Israel, most in the agricultural sector. France counted 30 dead, one hostage and six missing; Russia: 19 dead, two hostages, seven missing; Ukraine has 18 dead; the United Kingdom reported nine dead, seven missing; Nepal revealed 10 of its citizens killed and one missing; Argentina has nine dead and 21 missing; Canada said six citizens died while two are missing; Austria confirmed four deaths while one is missing; China’s foreign ministry said four Chinese were killed and two missing. An attack on a kibbutz and on the music festival, just kilometers from the Gaza border, killed four Filipinos, while two are missing. It does not stop there as Portugal also counted four dead and four missing; Romania reported five dead and one taken hostage; Belarus counted three dead, one missing; Brazil has three deaths; Peru has three deaths and four missing; South Africa announced two of its nationals had been killed. Australia, Azerbaijan, Cambodia, Chile, Colombia, Honduras, Ireland, Italy, Spain, Switzerland and Turkey have reported at least one of their citizens were slaughtered. The German foreign ministry said Wednesday that many of their nationals were killed without giving a precise number. Nations with unaccounted-for citizens who were likely taken hostage are Mexico, Paraguay, Sri Lanka, and Tanzania. Israel Ambassador Ilan Fluss told DAILY TRIBUNE editors that the war against Hamas is not only the fight of Israel but should be an international effort to defeat terror groups, considering the international dimension of the carnage. Fluss was also reminded of the Holocaust, which was Nazi dictator Adolf Hitler’s genocide of Jews in World War II, a method employed by Hamas in the plunder and murder of civilians that included burning people alive. Several of those killed were children, babies, and the elderly who could barely walk. Even the most ruthless gangs in other nations do not involve the weak in their acts of violence. Indeed, 7 October will live in infamy as the second Holocaust that has affected the whole civilized world. The post Humanity’s holocaust appeared first on Daily Tribune......»»
Tanduay optimistic about entry into competitive Taiwan rum market
Tanduay has a positive outlook about its entry into Taiwan amid stiff competition from other rum brands. “Based on early reviews, we think that the brand will perform well since the Taiwanese market already has a sophisticated taste and is very accepting of brands that offer them something new and unique,” said Marc Ngo, Tanduay International Business Development manager and senior brand manager. He compared the Taiwanese rum market to that of Singapore where people are willing to spend on quality spirits and cocktails. In entering Taiwan, Tanduay partnered with the distributor, Mr. Mixer, Ltd., one of the leading spirits and other liquor distributors in the country. “They believe in the brands and they share our passion for bringing our world-class rums to the Taiwan market,” Ngo said. Mr. Mixer, Ltd recently held a grand launch of Tanduay at Driftwood Bar in Ximending District and invited Taiwan’s premier mixologists Mars Chang and the members of “To Infinity and Beyond Team”, the 2021 World Class competition Taiwan champions, to showcase their outstanding mixology skills as they infused Tanduay rums into unique signature cocktails. Seven world-class rums Tanduay is making its award-winning and best-selling rums available in Taiwan. These include the Tanduay Asian Rum Gold, Tanduay Asian Rum Silver, Tanduay Double Rum, Boracay Rum Coconut, Boracay Rum Cappuccino, Tanduay Dark and Tanduay White. Ngo said they are currently focused on opening and partnering with on-trade accounts to feature their brands and for consumers to try. “At the same time, we are having discussions with big chain accounts for them to carry Tanduay rums in their stores. We are also planning to join the Tainan Cocktail Event on 20-21 October to feature our brands more to local consumers,” he said. The brand’s international business has been on a steady growth trajectory in recent years. Taiwan is the 19th country where Tanduay rums are being sold. In Asia, it is already available in China, Singapore, Qatar and the United Arab Emirates. In Europe it is being distributed in France, Germany, Belgium, the Netherlands, Luxembourg, the United Kingdom, Austria, Poland, Georgia, Armenia and the Czech Republic. It is also available in the United States and Canada in Northern America and Costa Rica in Central America. Apart from its increasing global footprint, Tanduay has received numerous accolades from international competitions, such as the World’s Number 1 Rum recognition from Drinks International Magazine for six consecutive years, and Brand of the Year from the World Branding Awards. Not one to rest on its laurels, Tanduay is eyeing further international expansion in the coming months. The post Tanduay optimistic about entry into competitive Taiwan rum market appeared first on Daily Tribune......»»
All eyes on Gucci as Milan Fashion Week opens
Milan Fashion Week opened Wednesday, kicking off six days of shows by the top names in Italian fashion with expectations high for the debut by Gucci's new creative director. Almost 70 catwalk shows are scheduled in the northern Italian city, with Fendi, Prada, Versace, Dolce & Gabbana, Bottega Veneta and Giorgio Armani among those showing their women's spring-summer 2024 collections. The hottest ticket in town is Friday's Gucci show, the first under new artistic director Sabato De Sarno. The Italian, who previously supervised the men's and women's collections at Valentino, was named in January to replace star designer Alessandro Michele. The legendary brand, owned by French luxury group Kering, has also seen the departure of long-time chief executive Marco Bizzarri this year as it grapples with stagnating sales. There are other new faces this week, with Tom Ford making its Milan debut under the leadership of Peter Hawkings and Simone Bellotti's first collection as design director at Bally. First up was Fendi, with a collection that mixed utility and comfort, pragmatism and playfulness, with masculine tailoring combined with more fluid silks and knits in a palette dominated by orange, brown, yellow and grey. Artistic director Kim Jones said he was inspired by "women who dress for themselves and their own lives... it's not about being something, but being someone". Off the catwalk, 76 presentations and 33 events are planned, including Moschino's 40th birthday celebrations. Moncler, known for its puffer jackets, was presenting Wednesday its new collection in collaboration with musician turned designer Pharrell Williams, who made his debut for Louis Vuitton in Paris in June. And Diesel was repeating an initiative trialled with success last year, with a show Wednesday to which ordinary members of the public were able to obtain tickets. According to data from Italy's national fashion chamber, industry sales were up seven percent over the first six months of 2023. "We estimate annual sales to increase by 4.5 percent compared to 2022, at more than 103 billion euros ($110 billion)," said chamber president Carlo Capasa. Exports are forecast to be up six percent over the year. Between January and May, exports to China and Japan were up more than 18 percent. Matteo Zoppas, head of Italy's trade and investment agency, said the "Made in Italy" brand remained strong. "Compared to general growth in Italian exports of 4.8 percent in the first five months of 2023, fashion exports rose 7.4 percent in the same period -- and female fashion was up 11.4 percent," he said in a statement. The post All eyes on Gucci as Milan Fashion Week opens appeared first on Daily Tribune......»»
London Fashion Week throws spotlight on young designers
After New York, the fashion world descended on London Friday for a catwalk extravaganza showcasing big names such as Burberry but also the work of young designers who could become household names. Ahead of the official start, Vogue editor-in-chief Anna Wintour on Thursday evening hosted a star-studded event billed as Britain's answer to New York's Met Gala. Supermodels Kate Moss, Linda Evangelista, Naomi Campbell, and Cindy Crawford were joined by stars of music, theatre, and film from Kate Winslet and Brian Cox to Annie Lennox and Rita Ora. Actress Sienna Miller however stole the show with a daring pregnancy bump-baring outfit. Last year's London Fashion Week, billed as a comeback after disruption due to the Covid pandemic, was overshadowed by the death of Queen Elizabeth II and 10 days of national mourning. This year, more than 80 designers are set to present their spring/summer 2024 collections, with around 50 catwalk shows and other presentations. "It's going to be five really exciting days full of creativity," said Caroline Rush, chief executive of organizers of the British Fashion Council. But in the world of fashion, London is enduring a post-Covid slump, with inflation -- the highest in the G7 at 6.8 percent in July -- and Brexit combining to create a depressed economic backdrop. That has left the British capital trailing Paris, Milan, and New York in the fashion week stakes. In a sign of its loss of influence, even British former Spice Girl Victoria Beckham has crossed the Channel to present her designs in Paris since last year. Fresh UK finding On Wednesday, the UK government announced £2 million ($2.5 million) to support young designers, which will go to the BFC's existing NewGen program. The scheme, which over the last 30 years has supported the best young fashion designers, aims to launch the high-end global brands of tomorrow. The UK government funding will go towards the staging of five fashion weeks over two years, said the BFC. Previous recipients include the legendary Alexander McQueen, who died in 2010. On Saturday, the Design Museum in London is presenting an exhibition celebrating young NewGen talents, and the energy they have brought to the industry. "REBEL: 30 Years of London Fashion" showcases about 100 designs, some of which have gone down in pop culture history. This year, about 20 designers are benefiting from the NewGen program. Most are recent graduates, but who have already managed to dress some of the biggest stars. Outfits by Ukrainian designer Masha Popova have been worn by singer Dua Lipa. Di Petsa has dressed actress Zendaya. Among the more established names are 16Arlington, JW Anderson, Molly Goddard, Richard Quinn, Roksanda, and Simone Rocha. But Burberry, the London fashion house founded in 1856, remains the most eagerly awaited show. It takes place on Monday afternoon and will be only the second collection for British creative director Daniel Lee, following on from his February show. The ex-Bottega Veneta designer replaced Riccardo Tisci a year ago. Sales have soared in China for the brand with the distinctive check print. On the final day, Tuesday, Ukrainian designers will present their collections with London once again hosting Ukrainian Fashion Week due to Russia's invasion. The BFC is also trying to make London an increasingly inclusive venue for catwalk shows. It has launched a survey aimed at all those working in the sector, with questions on their gender, sexual orientation, religion, and social background. "The audit is long overdue and marks the first step towards the vital measurement of the UK fashion industry's collective progress towards the goal of fair representation," the BFC said. The results will be announced later this year. The post London Fashion Week throws spotlight on young designers appeared first on Daily Tribune......»»
London Fashion Week throws spotlight on young designers
After New York, the fashion world descends on London from Friday, showcasing big names such as Burberry but also the work of young designers who could become household names of the future. Last year's event, billed as a comeback after disruption due to the Covid pandemic, was overshadowed by the death of Queen Elizabeth II and 10 days of national mourning. This year, more than 80 designers are set to present their spring/summer 2024 collections, with around 50 catwalk shows and other presentations. "It's going to be five really exciting days full of creativity," said Caroline Rush, chief executive of organizers the British Fashion Council (BFC). Fashion bible Vogue rolled out the red carpet on Thursday night for a gala launch event. But in the world of fashion, London is enduring a post-Covid slump, with inflation -- the highest in the G7 at 6.8 percent in July -- and Brexit combining to create a depressed economic backdrop. That has left the British capital trailing Paris, Milan, and New York in the fashion week stakes. In a sign of its loss of influence, even British former Spice Girl Victoria Beckham has crossed the Channel to present her designs in Paris since last year. Fresh UK funding On Wednesday, the UK government announced £2 million ($2.5 million) to support young designers, which will go to the BFC's existing NewGen program. The scheme, which over the last 30 years has supported the best young fashion designers, aims to launch the high-end global brands of tomorrow. The UK government funding will go towards the staging of five fashion weeks over two years, said the BFC. Previous recipients include the legendary Alexander McQueen, who died in 2010. On Saturday, the Design Museum in London is presenting an exhibition celebrating young NewGen talents, and the energy they have brought to the industry. "REBEL: 30 Years of London Fashion" showcases about 100 designs, some of which have gone down in pop culture history. This year, about 20 designers are benefiting from the NewGen program. Most are recent graduates, but who have already managed to dress some of the biggest stars. Outfits by Ukrainian designer Masha Popova have been worn by singer Dua Lipa. Di Petsa has dressed actress Zendaya. Among the more established names are 16Arlington, JW Anderson, Molly Goddard, Richard Quinn, Roksanda, and Simone Rocha. But Burberry, the London fashion house founded in 1856, remains the most eagerly awaited show. It takes place on Monday afternoon and will be only the second collection for British creative director Daniel Lee, following on from his February show. The ex-Bottega Veneta designer replaced Riccardo Tisci a year ago. Sales have soared in China for the brand with the distinctive check print. On the final day, Tuesday, Ukrainian designers will present their collections, with London once again hosting Ukrainian Fashion Week due to Russia's invasion. The BFC is also trying to make London an increasingly inclusive venue for catwalk shows. It has launched a survey aimed at all those working in the sector, with questions on their gender, sexual orientation, religion, and social background. "The audit is long overdue and marks the first step towards the vital measurement of the UK fashion industry's collective progress towards the goal of fair representation," the BFC said. The results will be announced later this year. Another must-see fashion event in London is the exhibition "Gabrielle Chanel. Fashion Manifesto", which opens on Saturday at the V&A museum. It retraces the 60-year career of "Coco" Chanel, featuring some of her greatest creations that revolutionized women's wardrobes. (AFP Photos) [caption id="attachment_184160" align="aligncenter" width="525"] Canadian model Winnie Harlow poses upon arrival to attend the "Vogue World: London" event at the Theatre Royal Drury Lane in central London on the eve of London Fashion Week on 14 September 2023. (Photo by HENRY NICHOLLS / AFP)[/caption] [caption id="attachment_184161" align="aligncenter" width="525"] British model Jodie Turner-Smith poses upon arrival to attend the "Vogue World: London" event at the Theatre Royal Drury Lane in central London on the eve of London Fashion Week on 14 September 2023. (Photo by HENRY NICHOLLS / AFP)[/caption] [caption id="attachment_184162" align="aligncenter" width="525"] British model Georgia May Jagger poses upon arrival to attend the "Vogue World: London" event at the Theatre Royal Drury Lane in central London on the eve of London Fashion Week on 14 September 2023. (Photo by HENRY NICHOLLS / AFP)[/caption] [caption id="attachment_184163" align="aligncenter" width="525"] Irish writer Sinead Burke poses upon arrival to attend the "Vogue World: London" event at the Theatre Royal Drury Lane in central London on the eve of London Fashion Week on 14 September 2023. (Photo by HENRY NICHOLLS / AFP)[/caption] [caption id="attachment_184164" align="aligncenter" width="525"] British actress Simone Ashley poses upon arrival to attend the "Vogue World: London" event at the Theatre Royal Drury Lane in central London on the eve of London Fashion Week on 14 September 2023. (Photo by HENRY NICHOLLS / AFP)[/caption] The post London Fashion Week throws spotlight on young designers appeared first on Daily Tribune......»»
BBM: Our calm, kind, gentle President
The most challenging thing is to write an essay about the country’s President who is celebrating his birthday. I should probably go back to the years when he was the “crush ng bayan.” From London, he would come home for vacation and would be met at the airport by his doting parents, with his mother kissing him on the forehead. He was very fashionable, from his haircut to his clothes and, well, he was the epitome of “cuteness” as cute could be. He did not sport long hippie hair but had bangs and his lips were well-pronounced. His mom took pride in his looks. “Kamukha ko (he looks like me),” she would say. Bongbong grew into the Oxford student who would come home and occasionally appear on television. I recall in 1973, he and his friends danced the latest craze on live television. He was, by then, oozing with appeal, his shy and boyish smile adding to the enigma that comes with being the president’s son. Many years later, I saw him when he and his sister Irene graced the opening of a project in Isabela. I am trying to remember if it was for natural gas or the largest dam in Asia. But he was there on the stage set up at the Cauayan airport, looking fresh and friendly, although he was smiling at everyone and no one in particular. I stood alone, away from the other welcomers, and somehow got him to look at me. I looked at him like I was telling him I know you or we know each other, and he stared back, smiling too, looking like he was wondering if he might have seen me before somewhere. It was one of my tricks. [caption id="attachment_183135" align="aligncenter" width="525"] The President has a long way to go, but that’s no reason for him to relax and wait for things to happen. | Photograph courtesy of BBM FB[/caption] Much would be said of the young gentleman, of his not being who he was supposed to be because he had died somewhere. Also, that he had killed someone who had called his father a dictator. Bongbong Marcos, for better or worse, was the fodder for both favorable and malicious talk. He became governor of Ilocos Norte in the mid-1980s when he took over from his aunt, Elizabeth Keon. At the same time, he wore the military uniform of the officer rank bestowed on him by his father, the President. Moving fast forward, Bongbong Marcos became a congressman and a senator, ran for vice president, and lost. Sometime after he caught Covid-19. After he had lost the vice-presidential contest and was protesting its result, he appeared on Daily Tribune’s online show, Spotlight. I remember only a little, not because he or his remarks were forgettable, but I blame my old age for not remembering. But I recall a pleasant interview, for he was relaxed and calm, and while he seemed occupied by his electoral protest, he was at the same time accepting of it. It was the Marcoses’ turn to be cheated, people said. The next presidential election had him and Leni Robredo, along with others, slugging it out. And while everyone had taken to microphones to condemn and attack him and his father, martial law and the dictatorship, he remained silent. He chose not to participate in the debates, leaving it to his supporters and fans to fight back for him. One UP professor who may have been unbiased took a liking to him, like an older woman in love for the first time, gushing over the assets of a fine, young, sexy gentleman. But that was not unexpected. Bongbong Marcos, after all, was the “crush ng bayan” from the time he was a teenager. Today, he is the President of the Philippines. I was talking with one youthful matron who possesses both beauty and wisdom and whose family was best known to be in the opposition against the Marcoses. She said that when President Rodrigo Duterte began his term, she gave him a chance to prove himself because he had been elected. As her gauge for the success of a presidency had much to do with how the stock market fared, she was disappointed because stocks dived very low to the depths. She gave RRD a failing mark. When BBM became President, she also gave him a “chance.” She told me, “I have yet to see what will happen next because he has just finished his first year, and it is too early to know how well or evil he has done. The people elected him, he is now the President, so let’s give him a chance.” The woman’s statement, I believe, more or less sums up the general feeling of the Filipino people. Here is one President perceived to be good and kind, and one who is not to be feared compared to his father or even his daring and feisty elder sister. One would hear, “Matatakot kayo pag si Imee ang presidente (You would be afraid if Imee were president),” which is people’s way of saying what they feel and think about the Marcos siblings. So, we have a kind President who has had to deal with all kinds of issues and problems: Typhoons, the pandemic, and now the rice shortage. I have always been a BBM fan (after all, he was “crush ng bayan” in our youth), and even if he had not become a statesman in the tradition of many of our top legislators, one thinks of him as a pleasant guy who plays it cool and is lovable. Now comes a wife who is perceived to be running the show. All because, like it or not, she has the educational credentials; she proved herself in the Big Apple; and as her husband himself would tell one and all, she has excellent organizational abilities. She ran the campaign, many would assume, although she much preferred to keep to the sidelines. Like it or not, Liza Marcos, the First Lady, is a potent mover in this administration. Her many worthy projects in the creative industry, health care, education, and environment, along with her brand of diplomatic maneuvering using Filipiniana fashion as a vehicle for international friendship, bode well for this administration. We got two leaders for one vote, and we are better off as a nation. To the President’s credit, he recognizes the role his wife plays in his administration, and that speaks of a man secure in his position as the head of his family. Regarding cronyism, BBM has his friends in the business sector, top men and women, titans and tycoons, czars and magnates, who accompany him on his travels abroad. One of them described their roles as similar to those of club guest relations officers — entertaining guests and clients. We are told that they talk with their counterparts on the international scene, wherever the presidential itinerary takes them. Hence, the public does not see the usual kind of cronies who are there for what they could take. These friends want to help because if this administration succeeds and the economy improves, the Filipino people, including the business sector, will live better lives. The greatest challenge to BBM, everyone perceives, is the conflict with China over the West Philippine Sea. In this regard, BBM has proved to be wise, circumspect and decisive. He has the backing of the international community and his people. We hope he will pass the test, because if he passes it we are all together the victors. BBM deserves our prayers and hopes for the best of his administration. If he succeeds, and we hope he does, we will rise as a people. The President has a long way to go, but that’s no reason for him to relax and wait for things to happen. There are some things that people feel he should handle with steel gloves, akin to his father’s style, and that is up for him to decide. A kind and gentle President may be all we need to make this nation great again, and there’s Bongbong Marcos to take on the role and fulfill the promise of a happy, progressive, and peaceful country and people. BBM is not only the best-looking President, but the kindest and, of late, the most eloquent, as he is proving himself to be. He is also the coolest. The post BBM: Our calm, kind, gentle President appeared first on Daily Tribune......»»
Chinese gadgets brand returns to the Philippines
A pioneering global company headquartered in Shenzhen, China has returned to the Philippines offering affordable Android-based gadgets......»»
Tesla, Chinese EV brands jostle for limelight at German fair
One of the world's biggest auto shows opens in Munich on Monday, with Tesla ending a 10-year absence to jostle for the spotlight with Chinese rivals as the race for electric dominance heats up. Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday. But Monday's press preview will already give carmakers a chance to show off some of the new models that will be hitting the road soon. The industry-wide shift towards electric vehicles will be front and center at this week's fair, with Chinese carmakers out in force as they eye the European market. US electric car pioneer Tesla, owned by Elon Musk, will return to the IAA for the first time since 2013 and is expected to unveil a revamped version of its mass-market Model 3. That Tesla, usually a holdout at such events, is coming to Munich shows it is taking the growing competition seriously, said Jan Burgard from the Berylls automotive consulting group. "The electric car market with its many new players will be divvied up over the next few years and people want to know: who is offering what?" Burgard told the Handelsblatt financial daily. Having captured an increasingly large part of the prized Chinese market, Chinese upstarts are now hoping to win over European customers with cheaper electric cars. Chinese manufacturers are starting "their assault on Europe with the IAA", said industry analyst Ferdinand Dudenhoeffer from the Center Automotive Research in Germany. Muted European presence Chinese groups benefit from lower production costs, allowing them to offer cut-throat prices at a time when entry-level EVs are still a rarity, said industry expert Eric Kirstetter from the Roland Berger consulting firm. "The only thing they don't have is brand credibility," Kirstetter said. "They will create their brand universe by stepping up their marketing investments more than others, including through trade fairs," he added. In all, 41 percent of exhibitors at the industry fair have their headquarters in China, including brands such as BYD and Leapmotor. Contrary to the Asian onslaught, participation from European carmakers at the IAA will be muted. Germany's homegrown champions Volkswagen, BMW and Mercedes-Benz will be joined by Renault from France, but the 14-brand Stellantis Group will only be represented by Opel. BMW presented its "Neue Klasse" (New Class) generation of electric cars in Munich on Saturday, a series of six vehicles that will be manufactured from 2025. BMW and fellow European carmakers are investing heavily in the switch towards zero-emission driving as the European Union aims to end the sale of polluting engines by 2035. The historic transition however comes at a challenging time. While the supply chain problems caused by the pandemic years have eased, surging energy prices in the wake of Russia's war in Ukraine and a weaker global economy are weighing on European manufacturers. Although car sales in the European Union have steadily improved over the last 12 months, they remain around 20 percent below their pre-coronavirus levels as inflation and higher interest rates dampen appetites for new vehicles. Some 700,000 visitors are expected to attend this week's IAA. Climate groups have vowed to stage protests during the fair, including acts of "civil disobedience" aimed at disrupting the IAA. The post Tesla, Chinese EV brands jostle for limelight at German fair appeared first on Daily Tribune......»»
Chinese carmakers confront European industry at Munich show
Chinese manufacturers will be out in force at next week's IAA auto show, one of the industry's biggest, revving their new electric models on the turf of German carmakers, which have been lagging in the e-mobility race. Elon Musk's Tesla, usually a hold-out from such events, will also make an appearance at the show in Munich, joining the jostle to steal the spotlight from Europe's biggest brands. The industry fair, which opens Tuesday with a speech from Chancellor Olaf Scholz, comes with clouds gathering for the automotive sector in Europe and in particular, Germany. While suffocating supply chain problems have eased from the pandemic years, European auto giants are struggling to cope with increased energy costs in the wake of the Russian invasion of Ukraine last year. Although sales in the European Union have steadily improved over the last 12 months, they remain around 20 percent below their pre-coronavirus levels as inflation and higher interest rates dampen appetite for new vehicles. At the same time, European manufacturers are facing increasingly stiff competition from Chinese carmakers which are touting their vehicles at far lower prices. Local upstarts have captured an increasingly large part of the prized Chinese market and are threatening to dominate the growing trade in electric vehicles. Chinese groups were starting "their assault on Europe with the IAA", said industry analyst Ferdinand Dudenhoeffer from the Center Automotive Research in Germany. "The IAA 2023 maps out a new automobile world in Europe. Competition will be tougher. After the Chinese battery factories, their automobile makers are coming," he said, calling it a "turning point" for the industry. In all, 41 percent of exhibitors at the industry fair have their headquarters in China, including brands such as BYD and Leapmotor which will hope to steal the spotlight from German giants Volkswagen, BMW, and Mercedes-Benz. Contrary to the Asian onslaught, participation from other European makers is muted. Opel will be US-European conglomerate Stellantis's lone ambassador in Munich, while Renault is showcasing only its eponymous marque at the show. In contrast, Musk's Tesla was slowly falling in line with traditional manufacturers as "the brand that doesn't do marketing begins to do exactly that" with its first appearance at the IAA, said independent analyst Matthias Schmidt. - Petrol protest - Over the week, around 700,000 visitors are expected to attend the show, split between exhibition halls and the city center. The move away from combustion engines to electric vehicles -- and the bigger climate question -- will take center stage inside and outside the exhibition halls. As carmakers roll out their latest offerings, climate groups have vowed protests at the fair, including "civil disobedience" aimed at disrupting the IAA. The last edition of the show in 2021 was already troubled by small-scale protests. This time around, some 1,500 people are expected at a camp in a suburban Munich park promoting a "revolution in mobility". Car manufacturers were "destroying the lives of countless people worldwide with their growth imperative", one of the climate groups said ahead of the fair. Automotive groups have not helped their case recently by recording massive profits on the back of strong inflation. Manufacturers -- particularly those at the high end of the market -- have been able to benefit from rising prices to boost their margins. A growing climate consciousness movement is increasingly pitting environmental activists against carmakers. Mindful of society's changing views on automobiles, the IAA upped sticks from Frankfurt to Munich in 2021 and restyled itself as a festival for all forms of "mobility" -- bringing bikes and scooters into the fold. As well as cleaning up its image, the move was an attempt to reinvigorate traditional motor shows. The marquee events have struggled to attract manufacturers, who are doubtful that they create enough publicity to be worth the bother. In 2022, the Paris Motor Show saw visitor numbers dwindle, as it was cut in length from two weeks to one. Many big European names, such as Volkswagen, BMW, and Ferrari were absent from the French fair, to which Chinese carmakers like BYD by contrast turned up. The post Chinese carmakers confront European industry at Munich show appeared first on Daily Tribune......»»
DD unit’s overseas expansion on high gear
Homegrown Hotel 101 has cranked up its expansion overseas through its landmark developments overseas including one in Japan. Parent DoubleDragon is targeting to list its subsidiary Hotel 101 Global at NASDAQ (US Stock Exchange). Eventually, Hotel 101 Global is expected to derive over 95 percent of its revenues outside of the Philippines. The first three overseas Hotel101 projects will be in Niseko Hokkaido, Japan; Madrid, Spain and California, USA. At Hokkaido, Japan, 26 August 2023, was a Filipino moment as the Mang Inasal founder and DoubleDragon Corp. chairperson Edgar Injap Sia II and Jollibee founder and DoubleDragon Corp. co-chairperson Tony Tan Caktiong met with Niseko Mayor Kenya Katayama and Kutchan Hokkaido Mayor Kazushi Monji. They led the groundbreaking of the 1.17-hectare property of Hotel 101 and started construction of the 482-room Hotel 101-Niseko project. Hotel 101 is the first Filipino hotel chain to expand overseas. The contractor of Hotel 101-Niseko is Iwata Chizaki Inc., one of the largest contractors in Japan, and the same contractor which built the Chitose International Airport in Saporro, Hokkaido Japan. The Niseko hotel project in Hokkaido, Japan is one of Hotel 101’s first three overseas projects, with the other two to be in Madrid, Spain and California USA. Niseko Hokkaido Japan is a world-class premier ski destination that remains popular year-round from its picturesque landscapes to its natural hot springs. The Singapore-registered Hotel101 Global Pte. Ltd. is the worldwide expansion subsidiary of DoubleDragon. These first three overseas sites will serve as bridge projects to jumpstart the transition of Hotel101 to transcend beyond these first three countries and become a global brand with a truly unique business concept that can be planted in over 100 countries. 25 countries by 2025 Target near term expansion roadmap for Hotel101 Global is to be in these first 25 countries by 2026, namely: Philippines, Japan, Spain, USA, United Kingdom, UAE, India, Thailand, Malaysia, Vietnam, Indonesia, Saudi Arabia, Singapore, Cambodia, Bangladesh, Mexico, South Korea, Australia, Canada, Switzerland, Turkey, Italy, Germany, France and China. DoubleDragon has accumulated a completed recurring income portfolio of over 1.2 million square meters in diversified hard assets in office leasing with its Jollibee Tower, DD Meridian Park complex, its string of CityMall community centers, CentralHub industrial warehouse complexes, its string of Hotel 101 projects in the Philippines and overseas. As of 30 June 2023, DoubleDragon’s total equity stands at P81.64 billion and total cash position stands at P6.54 billion. DoubleDragon has recently been upgraded to the highest PhilRatings PRS Triple A Credit Rating. The post DD unit’s overseas expansion on high gear appeared first on Daily Tribune......»»
Zubiri: Amend procurement law to ease defense purchases
Senate President Juan Miguel “Migz” Zubiri on Monday expressed his support for the proposal to amend the 20-year-old Government Procurement Reform Act. “Government procurement reforms should lead to the expedited purchase of defense equipment the country needs to protect its territory, especially from the illegal incursions of China in the West Philippine Sea,” Zubiri said in a statement. He issued the statement after calling for the removal of bottlenecks in the government procurement of goods and services, directing his call to economic managers who appeared before senators last week to defend the proposed P5.768 trillion national budget for 2024. He said that the acquisition process can still be “stringent but speedy so that recipients will get the right equipment at the right price at the right time.” With the current state of the country’s Philippine Navy and Philippine Coast Guard, the Senate chief underscored the need to procure the “best and not necessarily the cheapest equipment” to bolster the country’s defense capability. “There are several allies who would like to give us slightly used, not necessarily brand new, but good equipment so our law must be able to respond to this reality, otherwise the acquisition will not push through for lack of legal basis,” he said. “You know, when you buy an aircraft, even a 10-year-old aircraft, as long as it is well maintained, it can still be durable within the next 30 years,” he added. To complement the amendments to the government procurement law, Zubiri also pushed for the passage of Senate Bill No. 315 or the “Philippine Defense Industry Development Act,” a measure envisioned to promote the local production of defense equipment and materiel. The proposed measure seeks to revitalize the Self-Reliant Defense Posture program implemented in the 1970s to support the growing military hardware requirements of the Armed Forces of the Philippines by incentivizing in-country enterprises to help grow the local defense industry. “By encouraging the growth of local enterprises supplying defense equipment and hardware to our AFP, we become less reliant on other countries to fill out our defense requirements. It will also generate employment for many Filipinos in the long run,” Zubiri said. The post Zubiri: Amend procurement law to ease defense purchases appeared first on Daily Tribune......»»
Ralph Lauren probed in Canada over Uyghur forced labor claims
Canada's corporate watchdog on Tuesday launched an investigation of Ralph Lauren's Canadian unit over allegations the fashion giant used forced labor from China's Uyghur minority. The announcement follows similar probes of Nike Canada and Canadian mining firm Dynasty Gold, which the Canadian Ombudsperson for Responsible Enterprise (CORE) began last month. A coalition of 28 civil society organizations last year filed a complaint with the watchdog alleging "Ralph Lauren Canada has supply relationships with Chinese companies that use or benefit from the use of Uyghur forced labor." "I have decided that the Ralph Lauren complaint warrants an investigation," ombudsperson Sheri Meyerhoffer said in a statement. The brand's US parent company, she noted, has disputed Canadian jurisdiction over the matter, arguing that its subsidiary "is not responsible for decision-making" and all of its operations are overseen by the company's US headquarters. Rights groups say more than one million Uyghurs and other mostly Muslim minorities have been held in re-education camps in China's western Xinjiang region, with a slew of abuses that include forced labor. Lawmakers in Western nations, including Canada, have called the crackdown in Xinjiang a "genocide," and the UN High Commissioner for Human Rights has referred to the treatment of Uyghurs as crimes against humanity. Beijing denies the accusations, describing the facilities as vocational centers designed to curb extremism. The post Ralph Lauren probed in Canada over Uyghur forced labor claims appeared first on Daily Tribune......»»
Boy Kuting
Senate President Migz Zubiri has shouted “boykotin ang Chinese products” to show Filipinos’ disgust over the Chinese Coast Guard’s water cannonading of our vessels resupplying the grounded BRP Sierra Madre on Ayungin Shoal recently. On cue, Senator Risa Hontiveros echoed the call in a Tweet, although her post carried the ironic line, “Sent from my iPhone 14,” a device that is wholly made in China. That is exactly the problem with this course of action: The use of Chinese products is well-nigh inescapable. And while it is right for every patriotic Filipino to exhibit outrage over this latest show of Chinese bullying, there must be some way to show our reproach other than calling for something that is extremely difficult, if not impossible, to execute, lest we be again mortified by our lack of capability. Let’s start with cars. It would be easy enough not to buy a Foton, JAC, GAC or MG automobile, as a lot of us consider them — fairly or not — as inferior to other makes. But if you buy one of the lower-end Toyotas, you must know that a great number of its components are made in China, through a tie-up with FAW. The same goes for Nissans and Hondas, especially when it comes to electronics and drive train components. Okay, so the well-heeled snobs among you will say, “To hell with the Asian carmakers, I’m going European!” Fine, except that Mercedes Benz is 15 percent outrightly owned by two Chinese companies, BYD (10 percent) and SAIC (5 percent). More than half of the components of BMW cars are made by the companies Power Xinchen and Beijing Shougang. Wanna make a wild guess as to the nationalities of these companies. As for Audi, a lot of them are made in the cities of Changchun and Foshan in… where else? This is because China is Audi’s biggest market, not Europe or North America. As for some Volkswagen models, many are totally made in China, so you can forget about that, too. Hitler, that ultimate racist and white supremacist, who designed the Volkswagen Beetle, would be turning in his grave (if he had one). Go electric, go Tesla, you might say, as it’s owned by that all-American Elon Musk. But almost all of Tesla’s batteries are made in China, so no cigar. Gadgets are also out of the equation. 95 percent of iPhones are made in China (with some made in India, but sometimes they don’t arrive). My Oppo Reno is made in China, and so are Huaweis. Even the legacy Nordic brand Nokia is made in China. You’d be better off with Samsung, which makes many of its phones in Vietnam, but not much. The Vietnamese have built structures in the disputed Spratly Islands. Clothing is also not a good category for boycotting. Skechers is an American brand, but its shoes are all Chinese. Rivals Adidas and Puma are in the same boat. Fans of Japan’s Uniqlo must know that they’re basically wearing Chinese-made clothes. The Amboys who prefer Guess are doing the same thing. Even luxury clothing brand Ralph Lauren has its products made by the same people who insist on the nine-dash line. I could go on and on, but I know, dear readers, that you get my drift. Our politicians, of course, thrive on grandstanding. But before they stand in the halls of the Senate before a podium made of Chinese wood laminate, to fulminate for a boycott of Chinese products into a microphone of Chinese manufacture, their irate voices amplified by electronics assembled by a Chinese company, so that their histrionics may be read on Chinese-made tablets and phones, they should remember that most of what we use is made in China. It is one of the tigers of the world economy; we are just a kitten and all our rantings just the meowing of a small “kuting, a boy kuting.” The post Boy Kuting appeared first on Daily Tribune......»»
Ayala now BYD’s local dealer
Ayala Corp., or AC, the country’s largest conglomerate, is now the country’s official distributor of BYD’s hybrid and pure electric vehicles, or EVs. In a stock report on Friday, the company disclosed that it already finalized a deal to become a BYD deal — a move that would help drive up the country’s EV adoption. AC Motors head Jaime Alfonso Zobel de Ayala said the partnership will provide a major boost to the Ayala Group’s goal of accelerating the future of mobility in the country. “Our long-term vision is for AC Motors to become the leading platform for EVs and other new energy vehicles in the Philippines. This includes building up BYD to become a key brand in the Philippine market, with a leading share among EV brands and a meaningful presence in the automotive market as a whole,” he added. Long-term value The entire Ayala Group through its assets in renewable power generation, automotive distribution and dealerships, property development and management, manufacturing, financing and insurance, and digital connectivity targets to provide long-term value to EV customers. Ayala, as the official dealer, will offer the luxury executive sedan, BYD Han; the spacious 7-seater family SUV, BYD Tang; and the compact hatchback, BYD Dolphin. By the end of this year, Ayala will also introduce the BYD ATTO 3, a highly awarded EV model that is globally hailed for its outstanding design, comfort, quality, practicality and performance. Meanwhile, for James Ng, managing director of BYD Philippines and Singapore, the tie-up with the Ayala will “create a greener, more sustainable and brighter future, as we embark on this exciting journey.” The China-based BYD has an expansive line-up of both passenger and commercial vehicles at competitive price points, allowing the vehicles to be deployed at a larger scale. Fully integrated operations Its operations as an automotive manufacturer are also fully integrated, with capabilities not only in designing and assembling the final vehicles, but even in battery technology, electric powertrain development and semiconductors. The company also has a presence in the automotive space, as well as investments in rail transit, renewable energy and battery storage. Under the short-term period from 2023 to 2028, the Philippine government targets to roll out 2,454,200 electric vehicles comprising cars, tricycles, motorcycles and buses nationwide. It plans to build 65,000 EV charging stations that will be installed nationwide. As for the medium term or from 2029 to 2034, it will push for additional 1,851,500 EVs and 42,000 EV charging stations. The post Ayala now BYD’s local dealer appeared first on Daily Tribune......»»
Ayala now local dealer of BYD hybrid, electric cars
Ayala Corp. or AC, the country’s largest conglomerate, is now the country’s official distributor of BYD’s hybrid and pure electric vehicles, or EVs. In a stock report on Friday, the company disclosed that it already finalized a deal to become a BYD dealer — a move that would help drive up the country’s EV adoption. AC Motors head Jaime Alfonso Zobel de Ayala said the partnership will provide a major boost to the Ayala Group’s goal of accelerating the future of mobility in the country. “Our long-term vision is for AC Motors to become the leading platform for EVs and other new energy vehicles in the Philippines. This includes building up BYD to become a key brand in the Philippine market, with a leading share among EV brands and a meaningful presence in the automotive market as a whole,” he added. The entire Ayala Group — through its assets in renewable power generation, automotive distribution and dealerships, property development and management, manufacturing, financing and insurance and digital connectivity — targets to provide long-term value to EV customers. Ayala, as the official dealer, will offer the luxury executive sedan, BYD Han; the spacious 7-seater family SUV, BYD Tang; and the compact hatchback, BYD Dolphin. By the end of this year, Ayala will also introduce the BYD ATTO 3, a highly awarded EV model that is globally hailed for its outstanding design, comfort, quality, practicality, and performance. Meanwhile, for James Ng, managing director of BYD Philippines and Singapore, the tie-up with the Ayala will “create a greener, more sustainable and brighter future, as we embark on this exciting journey.” The China-based BYD has an expansive line-up of both passenger and commercial vehicles at competitive price points, allowing the vehicles to be deployed at a larger scale. Its operations as an automotive manufacturer are also fully integrated, with capabilities not only in designing and assembling the final vehicles, but even in battery technology, electric powertrain development and semiconductors. The company also has a presence in the automotive space, as well as investments in rail transit, renewable energy and battery storage. Under the short-term period from 2023 to 2028, the Philippine government targets to roll out 2,454,200 electric vehicles comprising cars, tricycles, motorcycles and buses nationwide. It plans to build 65,000 EV charging stations that will be installed nationwide. As for the medium term or from 2029 to 2034, it will push for additional 1,851,500 EVs and 42,000 EV charging stations. The post Ayala now local dealer of BYD hybrid, electric cars appeared first on Daily Tribune......»»
Airbus A321neo is CEB’s fleet newest addition
Cebu Pacific, the Gokongwei-led budget airline, said Friday it will be receiving more aircraft deliveries this year to ramp up its operations to cater to the growing travel demand. The company welcomed its ninth aircraft delivery, a brand-new Airbus A321neo (New Engine Option), at the Ninoy Aquino International Airport on Friday. The new aircraft operated using a blended sustainable aviation fuel or SAF on its flight. “This aircraft delivery allows us to increase our operational resilience while continuing to provide safe, reliable, and affordable air travel to our passengers,” said Alex Reyes, CEB chief strategy officer. New-generation fuel-efficient aircraft “Our ongoing re-fleeting with new-generation, fuel-efficient aircraft and our continued use of sustainable aviation fuel will also help our decarbonization efforts in making the aviation industry more sustainable,” Reyes added. CEB is scheduled to receive 21 aircraft deliveries this year — of these, 17 are New Engine Options or NEOs, while four are Current Engine Options or CEOs on short-term leases. The airline aims to shift to a more fuel-efficient, all-NEO fleet by 2028. It also aims to utilize SAF by launching green routes by 2025 and using SAF for its entire network by 2030. SAF cuts 80% carbon emission SAF is a drop-in fuel with similar characteristics as conventional jet fuels. It does not require any adaptations to the aircraft or engines and does not have any negative impact on performance. The use of SAF results in up to 80 percent reduction in carbon emissions across the fuel’s lifecycle. Last month, CEB also received a brand new A320neo aircraft from Airbus’ final assembly line in Tianjin, China, powered by SAF with a blend of 41 percent. CEB became the first low-cost carrier in Southeast Asia to incorporate SAF into its operations when it took delivery of its third A330NEO in May last year. The post Airbus A321neo is CEB’s fleet newest addition appeared first on Daily Tribune......»»