JAKARTA: Around seven hours away from Indonesia's capital city of Jakarta lies the Harendong tea estate. Nestled in the mountainous area of Banten province, the estate is the closest plantation to the capital offering specialty teas.Connoisseurs define specialty tea as high-quality teas that come from a single region, where factors such as climate and soil play a big part in how the tea tastes. The leaves are usually handpicked and the procedure is meticulous, making it available only in limited quantities.Earlier this year, tea connoisseurs banded together to form the Association of Indonesia Specialty Tea, or AISTea.While specialty tea enthusiasts can interact with one another over their shared love for the beverage through the organisation, its main aim is to promote and expand the specialty tea market."In specialty tea we have so many types of tea like white tea, green tea, oolong and black tea and each plantation has different (varieties)," said tea … [Read more...] about Connoiseurs look to boost specialty tea in Indonesia
Local 183 benefits
Philippines, Mexico: Friends forever The long-shared history of the Philippines and Mexico finds its roots in the Manila-Acapulco Galleon Trade in 1565. The trade paved the way not only for the exchange of goods between the two countries, but also for the exchange of people, culture and literature. In a span of almost half a millennia, political and commercial ties between the Philippines and Mexico have been constantly prospering. The first governor-general of the Philippines was Miguel López de Legazpi, a former mayor of Mexico City. The Mexican Airforce was one of the forces alongside the United States that helped liberate Manila from the Japanese occupation in 1945. Mexico ranked as the Philippines’ 28th trading partner (out of 223), 19th export market (out of 211), and 40th import source (out of 203) in 2015. The friendship between the two countries was reinforced on Nov. 17, 2015, when former Philippine president Benigno Aquino III and … [Read more...] about Philippines, Mexico: Friends forever
A Philippine Center for Investigative Journalism (PCIJ) Primer: The state of the regions by stats IF FEDERALISM is the answer, what is the question? If federalism is the solution, what is the problem? Indeed, where are the people in the debate and what motives or reasons drive the pitch to shift? And what good, bad, and ugly tidings does federalism signal? For the last two years, President Rodrigo R. Duterte and his political allies have mounted a fevered sales pitch to amend the 1987 Constitution and shift to a federal system of government. But until last week, they did so absent a single consensus draft on how exactly they want to revise which Charter provisions for what reasons, and for how long and how much. The system, they say, has neglected the poor regions and needs fixing. But the irony is they ask people to buy into federalism by dangling more of the same fix-it treats of old-style politics -- more money for the regions and more power or extended … [Read more...] about News Unpacking the federalism gambit: What’s in it for citizens?
Filipinos are known to hold strong beliefs in chance, luck and fate, thus explaining their love for engaging in numbers game. A widely popular illegal game of chance in the country is jueteng, played both by the rich and the poor, but mostly those in the bottom of the strata or unemployed, justifying their fixation as form of recreation, a pastime. Although some people think there’s nothing wrong with playing jueteng, this may be costing them their hard-earned money and little did they know, only the gambling lords and their protectors are benefiting from this vice. “Not only [are funds from]jueteng or illegal numbers game going directly to the gambling lords and protectors without tax,jueteng money is being used for bribes and to fund political campaigns,” Philippine Charity Sweepstakes Office (PCSO) General Manager Alexander Balutan explained. General Manager Alexander Balutan Compared to jueteng, the government earns more from Small Town Lottery (STL). In fact, … [Read more...] about STL sales hit P1.94 billion in February
Amid growing confidence of a global economic rebound and better domestic growth prospects, the 2018 investment outlook should not ignore downside factors that could hinder the long-run growth momentum. Structural challenges from policy uncertainties among the world's economic superpowers and saturating trade and investment flows through global value chains may cast more shadows over the local and global economy than the recovering numbers reveal. Over the past seven decades after the Second World War, the world economy has been characterised by increasingly integrated flows of goods, services, capital, people and, lately, data and information. This process has been further accelerated as multinational firms offshore outsource their activities across organisational and geographical boundaries, expanding flows of international investment in both developed and emerging economies.Such integration has been driven partly by the underlying principles of economic liberalisation undertaken … [Read more...] about Global investment risk levels on rise