‘Weakest link’ of the Philippines economy Initially, Malacañang carefully couched its official confirmation last month on the resignation of Department of Agriculture (DA) Secretary Emmanuel Piñol and his transfer to another Cabinet post. Piñol’s resignation came unexpectedly when President Rodrigo Duterte squelched persistent rumors in the past about his outgoing Agriculture secretary supposedly being on the way out of his Cabinet. It finally came last June 28 after apparently no less than the camp of Piñol leaked to the press his resignation letter submitted to President Duterte. Amid reports that President Duterte is no longer happy with his performance, Piñol indicated in his resignation letter his interest to continue serving the Duterte Cabinet in another capacity. He particularly cited his preference to be transferred instead to the Mindanao Development Authority (MinDA). MinDa has been headed by Nathaniel … [Read more...] about ‘Weakest link’ of the Philippines economy
Japan captures the philippines and burma
Will the Philippines quit UN rights body? MANILA, Philippines — Following the adoption of a resolution for a review of the Philippine government's drug war, Foreign Affairs Secretary Teodoro Locsin Jr. hinted at a possible withdrawal from the United Nations Human Rights Council. The Philippines' top diplomat said the country needs to "follow" the United States, which withdrew from the council in June 2018. "Iceland took the place of the US after it withdrew from the Human Rights Council. I think we need to follow America more," Locsin tweeted Saturday. Iceland, which was elected to serve as member of the UNHRC from July 2018 to December 2019, filed the resolution calling for a comprehensive review of the Philippines' campaign against illegal drugs. Locsin also earlier said any investigation resulting from the resolution of Iceland will not be allowed in the Philippines. "I have long wanted international cooperation in the drug war, eg. USDEA, Russia. … [Read more...] about Will the Philippines quit UN rights body?
‘Allow UN probers in the Philippines’ MANILA, Philippines — Vice President Leni Robredo led opposition personalities yesterday in calling for the government to cooperate with a review to be conducted by the United Nations Human Rights Council (UNHRC) into the surge of bloodshed stemming from President Duterte’s campaign against illegal drugs. Robredo said if the government is not hiding anything, it should not prevent UN personnel from doing their work. “If you’re accused of doing something you didn’t do, the natural reaction is outrage, embarrassment, but to prevent them from coming, that is not natural,” Robredo said. “If I were (the government), I will entertain (the reviewers) because we are a member of the UN,” Robredo said in an interview with dzMM. Senate Minority Leader Franklin Drilon said the government should rise to the challenge of the UN resolution. “We will rise to the … [Read more...] about ‘Allow UN probers in the Philippines’
Jakarta. Bank Mandiri, Indonesia's second-largest lender by assets, is mulling over a plan to acquire banks in the Philippines and Vietnam as part of a regional expansion drive, the bank's president director Kartika Wirjoatmodjo said on Thursday. The lender has long sought to become a more dominant player in Southeast Asia, rivaling the likes of Singapore's DBS or Malaysia's Maybank and CIMB, but has been facing regulatory and business roadblocks at home. "We had a plan to expand to those countries, but our nonperforming loan has been high [in the past few years]. We will try again at the end of 2019 or 2020 and look for more opportunities," Kartika said. Mandiri is likely to make its first Southeast Asian expansion in the Philippines since it has already been vetting two lenders there. The bank wants its nonperforming loan to stay at 2.5 percent of its total loan this year and go down to at least 2 percent … [Read more...] about Bank Mandiri Set for Expansion in Vietnam and the Philippines
Brexit and the Philippines The other day I came across a lost looking langka in my favorite north London shop. It looked terribly out of place among the small vividly colored raspberries and strawberries, placed close to the floor in a corner below crates of rosy-skinned apples – gargantuan, awkward and plain, its tropical pleasures hidden from view. The massive fruit’s presence is evidence of the long and rich story of trade between south east Asia, including the Philippines, and the UK. The jackfruit, or more accurately its presence in a London shop, just shows how such trade is part of the fluid world of human movement but has become subject to the hard borders of nation-states, and will become part of the difficult diplomacy accompanying the chaos that is Britain’s attempted exit from the European Union aka Brexit. For some time now, with varying degrees of noise and outrage, the government and businesses here have been preparing in … [Read more...] about Brexit and the Philippines