Pompeo to cut short Asia visit amid Trump hospitalization
US Secretary of State Mike Pompeo will cut short his trip to Asia this week, a department spokeswoman said Saturday, visiting Japan but skipping planned stops to South Korea and Mongolia......»»
Southeast Asian Police, Prosecutors Join Forces to Fight Scamdemic
Bangkok - Police and prosecutors across Southeast Asia are forging new ways of working together to thwart and pursue the sprawling criminal networks behind the online scam centers that have quickly taken root in the region, experts involved in the effort have told VOA.In a few short years, scamming hubs bilking billions of dollars out of victims across the globe have set up shop in Cambodia, Laos, the Philippine.....»»
Josh Reyes rues TNT’s inconsistency, losing steam amid EASL exit
TNT’s cold start made the uphill East Asia Super League (EASL) battle against the Anyang Jung Kwan Jang Red Boosters steeper, coach Josh Reyes said Wednesday......»»
79 percent want Philippines to work with US amid West Philippine Sea tension
Eight in 10 Filipinos want the Philippine government to work with the United States amid the continuing tensions in the West Philippine Sea, a recent survey conducted by Pulse Asia showed......»»
East Asia and Pacific to see moderate growth
The East Asia and the Pacific region is expected to have moderate growth this year amid headwinds from tight financial conditions and geopolitical rifts, according to a new report from the World Economic Forum......»»
79% of Filipinos favor US partnership amid heightened tensions in WPS — Pulse Asia
The December 3 to 7 poll, commissioned by think tank Stratbase Institute, showed that 79% of Filipino adults believe the government of President Ferdinand Marcos Jr. should cooperate with the United States amid rising tensions in the West Philippine Sea. .....»»
PH Economy Remains Optimistic Amid Global Slowdown
The country is one of the fastest growing economies in East Asia and the Pacific according to the World Bank, foreseeing robust growth despite global economic slowdown. In the latest World Bank Global Economic Outlook report released on Tuesday, the Philippines is expected to maintain its economic growth rate in 2024 at 5.8%, slightly higher […].....»»
Shares of Apple suppliers drop in Asia following iPhone maker downgrades – The Daily Guardian.
Title: Apple Suppliers in Asia Tumble as Barclays Downgrades Amid Worries of Weakening Demand Date: [Insert Date] In a significant blow to the iPhone maker,.....»»
NAC projects better 2024 earnings
Listed Nickel Asia Corp. sees better prospects next year in terms of profits amid the tightening of Indonesian nickel ore supply......»»
Steven Tan named Winshang’s International Influential Person in Shopping Centers
SM Supermalls president Steven Tan was recognized as one of Winshang’s Golden Censer Prize winners for being “The International Influential Person of the Year 2023 in Shopping Centers” at the 2023 China (International) Shopping Center Summit in Shanghai on 24 August. The Golden Censer Prize is a large-scale professional recognition of China’s commercial real estate and famous brands initiated by Winshang, in collaboration with mainstream industrial media, based on field research, data analysis, and media surveys among others. Tan, who assumed the role of president of SM Supermalls in 2020, has been a key figure in the growth and innovation of the mall chain in the Philippines and China. Retail legacy As President, he oversees mall operations in both countries, carrying forward SM’s 65-year legacy of retail innovation and outstanding customer service. Under his leadership, SM Supermalls withstood the challenges of the pandemic and rebounded as the economy slowly opened up amid the global health crisis. With the guidance of the Sy family, Tan made sure that SM responded with an agile, innovative, and proactive approach to cater to the needs of all stakeholders, from employees and tenants to shoppers. Mall’s strategies The mall’s strategies — adapting the tenancy mix, creating novel reasons to attract visitors to malls, targeting new customer segments through innovative marketing, and developing omnichannel services — enabled them to gain the trust and loyalty of modern shoppers during the pandemic. Because of this, SM managed to recover and exceed pre-pandemic revenues and income by 2023. In line with its latest expansion program, SM continues to open new malls in China and the Philippines. This brings the total number of shopping centers, locally and internationally, under Tan’s stewardship to 93, featuring a cumulative construction area of over 10.8 million square meters and a daily foot traffic of more than 4.2 million. The latest SM malls to open are SM City Yangzhou last 28 September 2023 (left) and SM City Sto. Tomas, Batangas last 27 October 2023 (right). The latest malls to open were SM City Yangzhou last 28 September 2023 and SM City Sto. Tomas, Batangas last 27 October 2023. Numerous accolades Tan’s exceptional efforts were also honored by various international organizations over the years. He received numerous accolades including the 2021 Asia’s Most Influential by Tatler Asia, the 2022 Asia Pacific Women’s Empowerment Principles Awards Leadership Commitment by United Nations Women, and the Global Filipino Executive of the Year at the Asian Chief Executive Officer Awards just to name a few. His dedication and visionary leadership continue to shape the landscape of shopping centers and commercial real estate, not just in Asia but across the globe. The post Steven Tan named Winshang’s International Influential Person in Shopping Centers appeared first on Daily Tribune......»»
SM’s Steven Tan named Winshang’s 2023 International Influential Person in Shopping Centers
SM Supermalls president Steven Tan was recognized as one of Winshang’s Golden Censer Prize winners for being "The International Influential Person of the Year 2023 in Shopping Centers" at the 2023 China (International) Shopping Center Summit in Shanghai on 24 August 2023. The Golden Censer Prize is a large-scale professional recognition of China's commercial real estate and famous brands initiated by Winshang, in collaboration with mainstream industrial media, based on field research, data analysis and media surveys, among others. Tan, who assumed the role of President of SM Supermalls in 2020, has been a key figure in the growth and innovation of the mall chain in the Philippines and China. As president, he oversees mall operations in both countries, carrying forward SM's 65-year legacy of retail innovation and outstanding customer service. SM Mall of Asia Complex Under his leadership, SM Supermalls withstood the challenges of the pandemic and rebounded as the economy slowly opened up amid the global health crisis. With the guidance of the Sy family, Tan made sure that SM responded with an agile, innovative and proactive approach to cater to the needs of all stakeholders, from employees and tenants to shoppers. SM City Yangzhou SM City Sto. Tomas The mall’s strategies -- adapting the tenancy mix, creating novel reasons to attract visitors to malls, targeting new customer segments through innovative marketing and developing omnichannel services -- enabled them to gain the trust and loyalty of modern shoppers during the pandemic. Because of this, SM managed to recover and exceed pre-pandemic revenues and income by 2023. In line with their latest expansion program, SM continues to open new malls in China and the Philippines. This brings the total number of shopping centers, locally and internationally, under Tan's stewardship to 93, featuring a cumulative construction area of over 10.8 million square meters and a daily foot traffic of more than 4.2 million. The latest malls to open were SM City Yangzhou last 28 September 2023 and SM City Sto Tomas, Batangas last 27 October 2023. Tan’s exceptional efforts were also honored by various international organizations over the years. He received numerous accolades including the 2021 Asia's Most Influential by Tatler Asia, the 2022 Asia Pacific Women's Empowerment Principles Awards Leadership Commitment by United Nations Women, and the Global Filipino Executive of the Year at the Asian Chief Executive Officer Awards, just to name a few. His dedication and visionary leadership continue to shape the landscape of shopping centers and commercial real estate, not just in Asia but also across the globe. Steven Tan receives the 2023 PeopleAsia People of the Year Award. Tan shared the Winshang Golden Censer Prize with his two co-awardees, namely Powerlong Real Estate Holding’s Co-president Chen Deli, and SCE Commercial Management Holdings' chairman of the board Huang Lun. SM Supermalls is a subsidiary of SM Prime Holdings Inc., with 85 malls in the Philippines and 8 in China. The post SM’s Steven Tan named Winshang’s 2023 International Influential Person in Shopping Centers appeared first on Daily Tribune......»»
California governor presses China’s Xi on climate cooperation
California governor Gavin Newsom said he spoke with Chinese President Xi Jinping on climate cooperation at a meeting on Wednesday in Beijing, the latest in a string of visits to China by US politicians. The head of the US economic powerhouse state is on a week-long tour of China, which Newsom has said will focus on climate change. "We are not going to move needles on climate change unless the United States and China collaborate together," the governor, who has long been touted as a future presidential candidate, told reporters after meetings with Xi and Foreign Minister Wang Yi. China and the United States are the two biggest emitters of greenhouse gases. Newsom arrived in the southern semi-autonomous city of Hong Kong on Monday, where he held a talk on climate change. He then traveled to the neighboring city of Shenzhen, which has pioneered the use of renewable energy in public transport, touring an electric bus station. Newsom described his talks on Wednesday with Xi and Wang as "very productive". "Not only the MOUs in the last couple days but the fact that I'll be meeting with five governors tomorrow... engaging and advancing our collective efforts on low carbon green growth," Newsom told reporters, referring to memorandums of understanding signed with Chinese counterparts. Newsom said he also raised the issue of human rights with Wang and spoke with Chinese leaders about China's role in the fentanyl drug addiction crisis in the United States. Washington has imposed sanctions on China-based firms for producing and distributing chemicals used to make fentanyl, though Beijing has insisted the root of the opioid problem lies in the United States. "Governor Newsom's topics of discussion also included human rights violations and anti-democratic efforts in Hong Kong, Tibet, Xinjiang, and Taiwan, as well as David Lin, a California pastor who has been imprisoned in China since 2006," the governor's office said in a statement. String of visits Newsom's visit came amid a flurry of diplomacy between Beijing and Washington as the two sides seek to improve strained ties. Xi met with a group of US senators in Beijing earlier this month, including Senate Majority Leader Chuck Schumer, and Foreign Minister Wang will pay a rare visit to Washington this week. Wang will be returning from a visit in June to Beijing by Secretary of State Antony Blinken, who was the highest-ranking US official to travel to China since 2018. Blinken huddled for 11 hours with the top Chinese leadership including Xi. Diplomats say Wang will be expecting a similar meeting with President Joe Biden, who is in Washington this week. Biden, who last saw Xi last November on the sidelines of G20 talks in Bali, has invited the Chinese leader to travel next month to San Francisco where the United States will host an Asia-Pacific Economic Cooperation summit. Newsom on Wednesday said of Xi's potential visit that he was "very hopeful that he makes it". The post California governor presses China’s Xi on climate cooperation appeared first on Daily Tribune......»»
Intentional, premeditated
In a prior editorial, this paper raised the possibility that the Chinese vessels hitting a Philippine Coast Guard ship and a resupply boat it was escorting to Ayungin Shoal in the West Philippine Sea might have been intentional. While we let readers read between the lines, factual narrations of the event tended to show how improbable it would have been for two separate collision incidents, involving several Chinese and Philippine vessels, to happen by accident in the wide expanse of ocean. The two collisions happened miles away from each other amid fair weather conditions with the sun shining brightly, thus neither poor visibility nor questionable seamanship could have been a factor in the incidents. As in most cases, the simplest explanations often prove to be the correct or accurate ones. In these incidents, the latest in China’s aggressive maneuvers in the WPS, the actions taken by the Chinese coast guard and militia vessels smacked of premeditation. On Monday, Defense Secretary Gilbert Teodoro confirmed in a press briefing that the Chinese vessels “intentionally” hit the Philippine boats trying to resupply troops stationed on the intentionally grounded navy vessel, the BRP Sierra Madre. “While conducting legitimate rotation and resupply operations within the exclusive economic zone of the Philippines, Chinese coast guard and maritime militia vessels, in blatant violation of international law, harassed and intentionally hit the Unaiza May 2 and Philippine Coast Guard vessel BRP Cabra,” Teodoro said. It was a conclusion that would not have required the title Defense Secretary to make. Video footage and photos of the first incident showed a China Coast Guard ship chasing the very small resupply boat. As if the David-versus-Goliath affair were not enough, a second CCG vessel then cut off the boat. All the pieces of evidence considered, the word “collision” does not apply to the actions China took because this would presuppose the possibility of their being mere accidents. The operative word should be “bumped” or, if the incident resulted in grave damage to the Philippine vessels, “rammed.” The stern of the smaller resupply vessel and the bow of the Chinese coast guard ship were seen briefly touching in the video released by the Philippine military. According to a statement from the National Security Council, the supply boat sustained damage. It added that a second resupply boat was able to complete its mission to the BRP Sierra Madre. With the United States and Canada condemning China over the incident, the collision may not be the last or it may just be a portent of more serious “interactions” to come between China and the Philippines as both assert their respective sovereign claims in the WPS. If only to ensure peace in the Indo-Pacific region, countries that have pledged to conduct freedom of navigation patrols in the South China Sea should start doing so. The burden of checking Beijing’s expansionist designs in the region should be shared not only by other claimant nations, but by governments that benefit from the trillions of dollars in trade that pass annually through the South China Sea. We cannot expect the Philippines’ summoning of the Chinese ambassador over the incidents to amount to anything, except to register the country’s strong and continuing opposition to Beijing’s aggressive acts in the WPS. China can never claim Ayungin to be part of its sovereign waters because it lies 1,000 kilometers from its nearest major landmass, Hainan Island, while the shoal is only 200 kilometers from the western Philippine island of Palawan. This proximity of Ayungin Shoal to Palawan, along with other proof presented by the Philippines to the Permanent Court of Arbitration in The Hague, was primarily considered by the court in ruling in favor of the Philippines in 2016. China had refused to recognize the arbitral ruling precisely because it did not go its way. In fact, the court declared as baseless China’s nine-dash line claim to nearly the entire South China Sea. CCG’s ramming of Philippine vessels is a calculated act of provocation. It is a message to the Philippines and the rest of the world that China is willing to use force to achieve its goals. Beijing’s actions are a threat to peace and stability in the South China Sea and the Asia-Pacific region. Nations must not allow China to succeed in its bullying tactics. The international community must take a stand and not allow China to undermine the rules-based order in the Asia-Pacific. The aggression being shown by Chinese maritime assets is a threat to the world, and must be stopped. The post Intentional, premeditated appeared first on Daily Tribune......»»
Russia ‘interfering’ in global election
Russia is using its spy network, state-run media and social media to undermine public trust in elections around the world, according to a United States intelligence report released Friday that was shared with around 100 countries. “Russia is focused on carrying out operations to degrade public confidence in election integrity,” the report said, citing findings from the US intelligence community. “This is a global phenomenon. Our information indicates that senior Russian government officials, including in the Kremlin, see value in this type of influence operation and perceive it to be effective.” The assessment, which was sent in a cable to the embassies of around 100 countries in Europe, Asia, Africa and North America, comes amid heightened tensions between Washington and Moscow over Russia’s full-scale invasion of Ukraine. Russia engaged in a “concerted effort” between 2020 and 2022 to undermine public confidence in at least 11 elections across nine democracies, including the US, the report said. An additional 17 democracies were targeted through “less pronounced” methods involving Russian messaging and social media activity that sought to amplify domestic narratives related to election integrity, it added. Without naming the targeted countries, the report said the US government had shared with them information about the Russian operations. It alleged Russia utilizes both “covert and overt mechanisms” to influence elections. That includes influence networks managed by its security agency, the Federal Security Service or FSB, which covertly attempted to intimidate campaign workers in an unspecified European country’s 2020 election, it said. Russian state media amplified “false claims of voting fraud” in multiple elections in Asia, Europe, the Middle East and South America in 2020 and 2021, it added. Russia also exploited social media platforms and “proxy websites” to cast doubt about the integrity of elections in one South American country last year, the report said. “For Russia, the benefits of these operations are twofold: To sow instability within democratic societies, and to portray democratic elections as dysfunctional and the resulting governments as illegitimate,” the report said. The US recognizes its “own vulnerability to this threat,” the report said, reiterating that Russian actors sought to undermine public confidence in the 2020 election which President Joe Biden won against Donald Trump. In a media briefing, a US State Department official said Russia was encouraged to press ahead with election influence operations after its perceived success in spreading disinformation about the 2020 US election and the Covid-19 pandemic. “Russia is capitalizing on what it perceives as a relatively inexpensive success in 2020 in the United States to take this more broadly, globally,” the official said on condition of anonymity. WITH AFP The post Russia ‘interfering’ in global election appeared first on Daily Tribune......»»
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......»»
Phl economy still strongest this year — RCBC
The Philippine economy will remain among Asia’s strongest in the fourth quarter despite a possible higher interest rate because of strong consumer demand for certain products and services and more employed Filipinos, the chief economist of Rizal Commercial Banking Corporation said Saturday. “This growth forecast is still among the fastest in the region because our economy is doing well,” RCBC’s Michael Ricafort said. The World Bank recently downgraded this year’s Philippine economic growth to 5.6 percent from 6 percent due to inflation risks, apart from lower government spending and weaker demand for exports. However, it is still higher than China’s 5.1 percent, Indonesia’s 4.9 percent, and Malaysia’s 4.3 percent growth forecast. Ricafort said the Bangko Sentral ng Pilipinas (BSP) might raise its policy rate this year to slow inflation to 4 percent by year-end after it accelerated again to 6.1 percent last month. “The BSP is working to bring down prices of goods and services. As an unintended consequence, the economy could slow down. Borrowing costs for business owners also increase and consumer demand weakens,” he said. Ricafort said global oil prices have started falling which could discourage the central bank from raising its rate drastically. “Global oil prices have declined to $82 to $83 per barrel from a peak of $95 per barrel last month or since the war between oil-rich countries Russia and Ukraine began,” the economist said. He also expected a downtrend in rice prices starting this month as he said local farmers have begun collecting fresh harvests. “Inflation quickened last month mainly from higher prices of rice which accounted for nearly 9 percent of the inflation basket and grew 17 percent year-on-year,” Ricafort said. While a higher interest rate aims to slow consumption, Ricafort said the continued flow of remittances from overseas Filipino workers, or at least 3 percent growth yearly will still support substantial levels of consumer spending, especially during the Christmas season. “That is more than $40 billion a year. That’s the fourth largest in the world after India, China and Mexico,” the economist said. He added more Filipinos or 800,000 could earn from business process outsourcing or BPO this year as the industry’s revenue could rise from $32.5 billion to $59 billion based on data from the Contact Center Association of the Philippines. Another growth area is tourism, which Ricafort said saw 4 million foreign visitors last month, nearing the 4.8 million full-year target of the government. He added higher productivity among Filipinos is also expected as the country’s unemployment rate declined to 4.4 percent in August from 4.8 percent in July, based on data from the Philippine Statistics Authority. Moving forward, Ricafort said the government must improve science and technology education for higher quality jobs and increase spending on infrastructure amid the full reopening of most economies. “We are now fully reopened. Students are also back in schools which encourages putting up food businesses. Labor market in the US also improved which will affect export trade,” he said. Ricafort added the government could continue distributing financial and other assistance to farmers to control inflation. He believed the inflation rate will approach 3 percent next year, close to the ideal 2 percent for healthier economic growth. The post Phl economy still strongest this year — RCBC appeared first on Daily Tribune......»»
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......»»
Filipinos spend money on food amid surging inflation — Pulse Asia
Most Filipinos spent money on food in the past three quarters amid surging inflation in the country, private pollster Pulse Asia said on Thursday. In its latest survey conducted from 10 to 14 September, Pulse Asia said 95 percent of Filipinos spent more on food in the most recent quarter compared to 89 percent last year. Pulse Asia said rice took the lion’s share of Filipinos’ food spending at 83 percent of total household expenditures, while 61 percent of Pinoys said they spent on non-rice food items. The private pollster added that electricity also took a big chunk of household expenditures at 62 percent, while fuel came in next at 22 percent. The remaining household expenditures include water (16 percent), LPG (15 percent), transportation 13 percent), cellphone load (4 percent), recreation (3 percent), and others (3 percent). "Across geographic areas and socio-economic, majorities cite food as one of the household items they spent more on in the previous quarter (89 percent to 98 percent and 94 percent to 99 percent, respectively)," the pollster noted. More than 50 percent of Pinoys consumed less food While nearly all Filipino adults spent more on food in the previous quarter, Pulse Asia said a small majority of the adult population - or 53 percent - consumed less food in the same period. The private pollster said Filipinos in Mindanao reduced their food consumption by 65 percent, followed by those in Balance Luzon at 56 percent. Meanwhile, those living in Visayas cut their food consumption by 46 percent. Regarding classes, most people who reduced their eating consumption were in Class E at 63 percent. Class D came in next at 52 percent, followed by Class ABC with 42 percent. Pulse Asia conducted the survey among 1,200 participants nationwide. The survey had a 2.8 percent error margin, with a 95 percent confidence level. The post Filipinos spend money on food amid surging inflation — Pulse Asia appeared first on Daily Tribune......»»
S. Korean migrant’s tale to open Asia’s biggest film festival
The world premiere of Jang Kun-jae's "Because I Hate Korea" will open Asia's largest film festival Wednesday night as it looks to rally from a year marked by scandal and budget cutbacks. The South Korean director's tale of a disillusioned young woman who relocates to New Zealand is among 209 official entries from 69 countries set to unspool at the Busan International Film Festival, which runs until 13 October. Eighty will be making their world premieres in the southern port city. This year's edition comes as organizers grapple with the fallout from former festival director Huh Moon-yung's resignation in May amid accusations of sexual misconduct. The scandal saw BIFF's 2023 budget reduced by about 10 percent as sponsors withdrew in the wake of the allegations, according to organizers. Kang Seung-ah, now serving as acting deputy director, acknowledged they had endured a "difficult phase" before assembling a lineup she said was "more substantial than ever before". Opening night director Jang, who noted he'd attended BIFF far more as an audience member than a filmmaker, told a late afternoon news conference he had sought to address serious questions with his film. "I believe it's necessary to pay attention to the fact that many young people are finding it difficult to navigate through Korean society. I started questioning whether our society is providing a fair and equitable foundation for young people to pursue their dreams," he told reporters after a preview screening. Based on the best-selling Chang Kang-myoung novel, "Because I Hate Korea" received support from BIFF's Asia Project Market back in 2016. South Korea has transformed itself into a cultural powerhouse since then thanks to the explosive success of the Oscar-winning "Parasite" and the Netflix series "Squid Game". "Many people are now showing great interest in Korean content such as K-pop, K-movies, and K-dramas. Living in such an era, they might develop a certain fantasy about South Korea, I think," Nam Dong-chul, the festival's acting interim director, told reporters. But "I thought it might be good to consider these views from the perspective of people living in Korea and especially the youth in South Korea", he said of the opening night choice. "They might have different thoughts and experiences." Frequent Bong Joon-ho collaborator Go Ah-sung, who delivered a memorable performance as the protagonist of "Because I Hate Korea", was unable to attend the festival due to a back injury. 'Dear Jinri' Despite Go's absence, the festival will still feature serious star power, with acclaimed Hong Kong actor Chow Yun Fat scheduled to receive the Asian Filmmaker of the Year award. Three of Chow's films -- "A Better Tomorrow" (1986), "Crouching Tiger, Hidden Dragon" (2000) and 2023's "One More Chance" -- will be screened in his honour. Other highly anticipated screenings include "Dear Jinri", a documentary that features late K-pop star Sulli's last and incomplete project. Sulli, born Choi Jin-ri, took her own life in 2019 after a long struggle with online bullying. The film includes her final media interview, which has not been disclosed previously. Korea's filmmaking diaspora will also be showcased with a special series of screenings that includes "Searching" (2018), starring John Cho, and director Celine Song's Sundance favorite "Past Lives". Netflix's highly anticipated "Yellow Door: 90s Lo-fi Film Club" will also have its world premiere at BIFF. The documentary spotlights South Korea's renowned cinephile generation of the 1990s, acclaimed "Parasite" director Bong among them. "The Movie Emperor", director Ning Hao's satirical take on the Chinese film industry starring Hong Kong actor Andy Lau, is set to close the festival. Ning's comedy "deftly captures the fine line between the film industries in Hong Kong and mainland China", as well as the "delicate relationship between Western film festivals and Asian filmmakers", according to the program notes. The post S. Korean migrant’s tale to open Asia’s biggest film festival appeared first on Daily Tribune......»»
No new chief yet — Agri exec
Department of Agriculture-Bureau of Plant Industry Director Gerald Glenn Panganiban on Tuesday said that President Ferdinand Marcos Jr. did not discuss the appointment of a new Agriculture Secretary during their latest sectoral meeting. In a Malacañang Press Briefing, Panganiban said that he could not confirm the reports on appointing a new Agriculture Secretary and that President Ferdinand Marcos Jr. is doing an “excellent job” leading the department. Panganiban’s statement comes amid reports that President Marcos is considering appointing fishing tycoon Francisco Tiu Laurel Jr. as the new Agriculture Secretary. Laurel is the chairman of the Federation of Philippine Industries and the Philippine Chamber of Commerce and Industry. “With (Marcos) at the helm, everything is integrated, and all government efforts are coordinated. We can no longer say to the Department of Agriculture, ‘This is your job, not ours.’ We are all collaborating now, and we are even talking to you in the media to work together because, once again, food security is not the responsibility of one agency alone but of all of us,” Panganiban said. “I think that’s what sets him apart from his predecessors,” he added. Panganiban also said that he could not comment on whether the rice price cap affected the Pulse Asia Survey results, which showed President Marcos’s approval rating declined in September. “I cannot comment on that one,” he said. “What I can say is that our President is truly committed to serving everyone. I believe he is the President for all, not just for the farmers but also for the consumers.” Panganiban also praised Marcos for his engagement with the public, saying that the President is the first one to really meet with the people and participate in rice distribution. “So, I think people can sense our President and his plans and programs. Hopefully, we can reciprocate that. Even for the media, I hope you can help us promote the good news, not just our problems but also what we are doing for our fellow countrymen,” he added. The post No new chief yet — Agri exec 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......»»