CHARLESTON, S.C.: For America's fastest growing East Coast ports, trade with China equals billions of dollars of investment and thousands of well-paid jobs in the heart of Trump country and not, as the president portrays it, the death knell for America's middle class.At Atlantic ports in the southern United States, harbor channels are being deepened to handle bigger ships moving through a widened Panama Canal; cranes are being heightened to unpack the larger stacks of containers; new ship berths and expanded rail hubs are opening the door wider for the imported goods demanded by American consumers and businesses.Exports are on the rise too, and could be boosted if President Donald Trump strikes deals to export tens of billions of dollars in commodities and energy to China in an effort to cut America's US$375 billion trade deficit with the world's second largest economy."China is where the growth is," said South Carolina Ports Authority chief executive Jim Newsome. "I don't think the … [Read more...] about As Trump talks of trade losses, China is a win for US East Coast ports
Far east national bank
JERUSALEM - Israel celebrated 70 years since the country's foundation on Wednesday, lauding its improbable economic success and military prowess, but facing a range of political and security challenges. The anniversary of the proclamation of the state of Israel by founding father David Ben-Gurion began at sundown on Wednesday under the Hebrew calendar, but falls on May 14 according to the Western calendar. At the traditional Jerusalem torch-lighting ceremony kicking off what Israelis call Independence Day, Prime Minister Benjamin Netanyahu welcomed what he called "real seeds of peace" he said were beginning to sprout among some of Israel's Arab neighbours. He did not elaborate, but there have been signs of warming ties, particularly with Saudi Arabia which -- like Israel -- sees Iran as a growing threat. "Our hand is outstretched in peace to all of our neighbours who want peace," Netanyahu said in Hebrew. "And to our enemies who think that we are a passing phenomenon, I have news for … [Read more...] about News Israel marks 70 years as a nation as new and old challenges lurk
MANILA - A World Bank economist on Thursday said a trade war between the world's two biggest economies was not imminent, but added that if it does happen, it will affect the Philippines and other countries in the Association of Southeast Asian Nations (ASEAN). Sudhir Shetty, World Bank East Asia and Pacific chief economist said that so far the US and China have just issued threats and counter-threats about imposing tariffs. "Those tariffs have not yet gone into effect, there's a waiting period in the US, and China, in turn, said it will await actual imposition before going forward," Shetty said. But he also warned that should a trade war break out, it will create complications for trade in Southeast Asia. Shetty said that about two thirds of the products that the US was targeting with additional tariffs are connected to a value chain that stretches across ASEAN countries including the Philippines, Malaysia and Vietnam. He said products like electrical … [Read more...] about News Philippines, ASEAN to feel US-China trade war: World Bank economist
Jakarta. Indonesia is eager to boost its revenue by attracting more overseas visitors, while also encouraging foreign investment in the country's tourism sector. To achieve this, the government is promoting tourism destinations other than Bali, which is widely considered one of the world's best holiday spots. Tripadvisor, the world's largest travel site, announced its Best Travelers' Choices this month, which featured Bali in fourth place in the top destinations category, making the island Asia's best tourism destination. Indonesia announced plans in 2016 to prioritize the development of 10 tourism destinations across the archipelago – known as the "Ten New Balis" due to their potential to boost the country's tourism industry. The list includes Wakatobi in Southeast Sulawesi, Morotai in North Maluku and the Thousand Islands in Jakarta. With ongoing plans to develop infrastructure and amenities in selected locations, attract more investment and advance tourism, Indonesia … [Read more...] about How Are Indonesia’s Four Priority Tourism Destinations Coming Along So Far?
President Donald Trump’s national security adviser, H.R. McMaster, has consistently expressed hawkish views on North Korea and is reportedly pushing for a “bloody nose” strike against the Kim regime. McMaster has a foreign policy vision that calls for the US to reverse decades of waning power by standing up to adversaries like Russia, China, North Korea, and Iran. The US has been steadily declining in international efficacy and absorbing a constant stream of foreign policy losses, but has managed to avoid a major war. McMaster’s “bloody nose” idea could stop the erosion of US power, but it could also start a major war. President Donald Trump’s national security adviser, H.R. McMaster, seems to think that the US’s complete military and nuclear supremacy over North Korea cannot deter Kim Jong Un from attacking the US, and that a strike is needed to stop … [Read more...] about Why Trump’s national security adviser thinks it might soon be time to bomb North Korea