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Xinhua Asia-Pacific news summary at 1600 GMT, March 31
JAKARTA -- The authorities of Indonesia's Batam Island officially started on Sunday the operation of direct shipment from Batuampar Port to China's Guangzhou and Shenzhen to boost trade between the two countries. The direct shipping service was initiated by Persero Batam and the Batam Concession Agency in collaboration with SITC International Holdings, a Hong Kong-based shipping logistics company. (Indonesia-Chi.....»»
Philippines, Indonesia agree to boost ties
MANILA, Jan. 10 (Xinhua) -- The leaders of the Philippines and Indonesia on Wednesday agreed to strengthen bilateral ties. Indonesian President Joko Widodo was received in the morning by his Philippine counterpart Ferdinand Romualdez Marcos during a three-day official visit in Manila. After the meeting in the presidential palace, Widodo said during a news conference that he discussed with Marcos ways to e.....»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»
Why the dollar is still strong
Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»
The trillion-dollar club
Could we really join the trillion-dollar club, along with the big boys, including Canada or Italy or Brazil?.....»»
BPI readies issuance of dollar bonds
The Bank of the Philippine Islands is close to issuing its dollar-denominated bond sale, as it has started a series of fixed income investor meetings......»»
InLife offers Dollar Secure 7
InLife offers Dollar Secure 7.....»»
Minister MacAulay promotes Canada s world-class products in Malaysia and the Philippines
The Government of Canada is deepening ties in the Indo-Pacific region - a key market for Canadian farmers, fishers, and the agri-food sector. February 23, 2024 - Ottawa, Ontario - Agriculture and Agri-Food Canada This week, the Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food, visited Malaysia and the Philippines to strengthen regional partnerships and create ne.....»»
Minister MacAulay promotes Canada s world-class products in Malaysia and the Philippines
The Government of Canada is deepening ties in the Indo-Pacific region - a key market for Canadian farmers, fishers, and the agri-food sector. February 23, 2024 - Ottawa, Ontario - Agriculture and Agri-Food Canada This week, the Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food, visited Malaysia and the Philippines to strengthen regional partnerships and create ne.....»»
Indigenous people criticize business as usual mining practices
BRASILIA, Brazil - Indigenous representatives from 35 countries issued a declaration Thursday criticizing the fact that they are too rarely consulted about mining that takes place on or near their lands, an issue that has become more acute with increased demand for minerals needed in the transition to a cleaner energy system.'We recognize and support the need to end fossil fuel reliance and shift to renewable en.....»»
US threatens Turkish businesses over Russia trade
American officials have reportedly visited Trkiye to persuade banks and companies to cut ties with the sanctioned country Turkish businesses are at risk of being banned from carrying out currency operations if they continue to trade with Russia, RIA Novosti reported on Wednesday, citing the news outlet Aydinlik. .....»»
BSP prodded to build up forex reserves
The Bangko Sentral ng Pilipinas should continue rebuilding its gross international reserves amid the wide current account deficit and heavy reliance on debt funding, according to Bank of America Global Research......»»
Malaysian Chamber eyes Davao’s logistics hub potential
THE Malaysia Chamber of Commerce and Industries Philippines, Inc. (MCCI) foresees strong business confidence for investing in Davao City, positioning it as a potential world-class logistics hub competing with leading regions in Southeast Asia such as Singapore, Macau, and Kuala Lumpur in Malaysia......»»
Malaysia holds historic biz market footprint in city
CONSIDERING the business climate and unique geographic position of Davao City, the Malaysia External Trade Development Corporation (Matrade) under the trade promotion agency of the Ministry of Investment, Trade and Industry (MITI) has set a historic business market footprint in the city through the Market Immersion Mission, making Davao one of their smart cities in the country, alongside the Philippine’s capital region, Manila......»»
Former Malaysia PM Mahathir hospitalized again with infection
The former Malaysia Prime Minister Mahathir Mohamad, who has a history of heart problems, has been in and out of hospital in recent years and has undergone bypass surgeries.....»»
Heart pasabog bilang GLAM Malaysia cover girl: I style according to my mood
PATULOY ang pamamayagpag ng Kapuso star na si Heart Evangelista sa international fashion scene bitbit pa rin siyempre ang bandera ng Pilipinas. Pagkatapos ng viral na pagrampa niya sa Paris Fashion Week, ang latest pasabog naman ni Heart ay ang pagiging cover girl ng GLAM Malaysia kung saan bumandera nga ang iba’t iba niyang paandar.....»»
URC’s Malaysia unit bags 2 international awards
Universal Robina Corp. (URC), the Gokongwei-led listed snack foods giant, has received recognition for its subsidiary in Malaysia......»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
Dollar strength, Asian challenges
Recent robust US economic data (nonfarm payrolls, January CPI figures) have dashed hopes for a March rate cut by the Fed......»»
Geopolitics, rate cut delays could spoil IPO rebound in 2024
Geopolitical tensions and interest rate cut delays could play the spoiler’s role in initial public offerings (IPO) staging a major comeback in the local bourse this year......»»