On a scale of 1 to 10, with 10 being the best, President Duterte scores a 9 in governance… but this being the assessment of Malacañang, I’m surprised that the rating wasn’t a 10. His rah-rah choir would give him an 11. Duterte is entering the second half of his term with his human rights record still looming large over his administration, now combined with what his critics see as his scraping and bowing before the new Philippine overlords, the Chinese. It’s doubtful that people who voted for Duterte on his promise of killing drug personalities have changed their minds about that support; they were aware of his record of lethal law enforcement long before he was persuaded to run for president. While the brutal war on drugs will always be associated with Duterte’s first three years in office, many people will also remember the measures that were passed under his watch. Depending on where they’re coming from, people have described the measures … [Read more...] about Rated 9
Why raise interest rates
Their early days there were rough. They had no language skills in either Tagalog or English, and Xu says the authorities frequently shut down businesses in Chinatown, partly because many were evading taxes. He found himself in a police station on more than one occasion. "I would get in there and everyone arrested would be Chinese. I was scared. I was so young at the time," he says. Now the owner of a range of businesses offering services from rice imports to printing, Xu believes Chinese immigrants must adjust and integrate into the local culture, which he says includes small but significant idiosyncrasies such as the tendency for Filipinos to dislike Chinese bosses disciplining staff in front of other workers. He does not see a great deal of anti-Chinese sentiment outside of a small group of Filipinos he believes are seeking to incite hatred. Fellow immigrant Ken Hong, 43 and also from Fujian, has done almost every job imaginable since he arrived in Manila nine years ago. He went … [Read more...] about Why are Chinese workers so unpopular in Southeast Asia?
When Uber begins trading on Friday, it will cap one of the largest ever tech initial public offerings and join a crowd of big-name startups making their stock market debuts this year. Not since the dot-com boom have so many richly valued tech companies gone public in such short succession: Shares of Lyft and Pinterest are now trading, and Slack, WeWork and Palantir are expected to follow soon. But this crop of tech companies is markedly different from those that came up during the late 1990s. Many rode the rise of mobile connectivity and cloud computing in the last decade to multibillion-dollar valuations. They are more mature, having spent years as private companies building their businesses. But a number remain deeply unprofitable, and the time they spent in the private markets, increasing in size and value, has ultimately raised questions about where they go from here. By staying private for longer, tech startups have been able to avoid public scrutiny When Netscape, Yahoo and … [Read more...] about News How does Uber IPO differ from dot-com boom?
By Josh Wingrove Bloomberg Thu., May 9, 2019 The Canadian government is monitoring whether tougher mortgage rules are having the desired effect but doesn’t favour allowing longer mortgage terms, Prime Minister Justin Trudeau said. Trudeau, speaking to an industry group Thursday, was asked about raising the maximum amortization of a mortgage to 30 years, from 25 years, for first-time buyers. The prime minister said he opted instead to introduce a program that sees the government take a stake in some home purchases, as well as increasing the funds a buyer can take from retirement savings. “We’re looking at things that are not going to disrupt the market in unexpected ways,” Trudeau said at the Canadian Home Builders’ Association conference in Niagara Falls. “We’re listening to everyone about their concerns and we are going to keep watching that stress test and make sure that it is having the desired effect, but we are seeing fewer … [Read more...] about Trudeau says new mortgage rules cut froth in Toronto, Vancouver
By Russ Buettner The New York Times Susanne Craig Tues., May 7, 2019 By the time his master-of-the-universe memoir Trump: The Art of the Deal hit bookstores in 1987, Donald Trump was already in deep financial distress, losing tens of millions of dollars on troubled business deals, according to previously unrevealed figures from his federal income tax returns. Trump was propelled to the presidency, in part, by a self-spun narrative of business success and of setbacks triumphantly overcome. He has attributed his first run of reversals and bankruptcies to the recession that took hold in 1990. But 10 years of tax information obtained by the New York Times paints a different, and far bleaker, picture of his deal-making abilities and financial condition. The data — printouts from Trump’s official Internal Revenue Service (IRS) tax transcripts, with the figures from his federal tax form, the 1040, for the years 1985 to 1994 — represents the fullest and … [Read more...] about Trump tax figures show over $1 billion (U.S.) in business losses