The Manila Times

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2024-08-07 16:32:03 GMT

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2024-08-07 16:31:52 GMT

HTX Ventures Releases 2024 Half-Year Investment Report, Highlighting Six Key Investment Directions
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HTX Ventures has released its 2024 Half-Year Investment Report, outlining its key investment directions and investment outlook for the latter half of 2024. The report highlights the significant growth and innovation in the cryptocurrency market during the first half of the year. HTX Ventures made 23 strategic investments in areas such as infrastructure, DeFi, the Bitcoin ecosystem, AI, DePIN, and SocialFi. The report also discusses the impact of Bitcoin and ETH ETFs, the Federal Reserve's interest rate policies, and the August 5th global market selloff. HTX Ventures remains optimistic for the rest of 2024 and will continue to search for great projects to invest in. The report identifies six main investment tracks for the latter half of the year: BTCFi, Multichain Future Infrastructure, User Experience Enhancement, Application Infrastructure Projects, New SocialFi and Community Applications, and DePIN.
#HtxVentures #InvestmentReport #Cryptocurrency #Bitcoin #EthEtfs #FederalReserve #GlobalMarketSelloff
https://www.manilatimes.net/2024/08/07/public-square/pr-newswire/htx-ventures-releases-2024-half-year-investment-report-highlighting-six-key-investment-directions/1962608

2024-07-23 03:08:49 GMT

XTransfer and EBANX Partner to Facilitate B2B Trade Payments in Latin America
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XTransfer, China's top B2B cross-border trade payment platform, and EBANX, the leading payment platform connecting global companies with customers in Latin America, Africa, and Asia, have announced a strategic partnership aimed at streamlining B2B trade payments in Latin America. Through this partnership, EBANX processes payments for XTransfer in five key Latin American markets, Brazil, Chile, Colombia, Mexico, and Peru, with a focus on alternative payment methods (APMs) like electronic transfers, bank transfers, e-wallets, cash-based vouchers, and the Brazilian instant payment Pix. The collaboration aims to provide XTransfer's clients with seamless and efficient payment solutions, enabling businesses worldwide to engage in cross-border trade with confidence in the Latin American region.
#Xtransfer #Ebanx #B2bTradePayments #LatinAmerica #CrossborderTrade
https://www.manilatimes.net/2024/07/23/public-square/pr-newswire/xtransfer-and-ebanx-partner-to-facilitate-b2b-trade-payments-in-latin-america/1959223

2024-07-07 17:00:27 GMT

Foreign investments fall: Blowback from anti-China policy
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Foreign direct investment inflows into the Philippines in the first 21 months of President Ferdinand Marcos Jr.'s rule totaled only $3.3 billion, a sixth of the $19 billion claimed by Trade Secretary Alfredo Pascual. The data from Bangko Sentral ng Pilipinas contradicts Pascual's statement. The article suggests that the decrease in foreign investments may be a result of the anti-China policy implemented by the government. The author questions the effectiveness of President Marcos Jr.'s foreign trips in attracting investments.
#ForeignInvestments #AntichinaPolicy #Philippines
https://www.manilatimes.net/2024/07/08/opinion/columns/foreign-investments-fall-blowback-from-anti-china-policy/1955711

2024-06-28 11:20:28 GMT

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2024-06-28 11:20:17 GMT

DPC Dash - Domino's Pizza China Expansion Hits 900 Stores in Mainland China
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DPC Dash Ltd - Domino's Pizza China has opened its 900th store in Chengdu, China, marking a significant achievement in the company's growth strategy. The launch was met with enthusiasm from customers, with long queues forming outside the newest location. DPC Dash's stores hold all of the top-20 spots for first-30-day sales records across Domino's global network of over 20,000 stores. The company aims to open approximately 240 net new stores in 2024 and reach the 1,000-store milestone by the end of the fourth quarter. DPC Dash is Domino's Pizza's exclusive master franchisee in mainland China, Hong Kong, and Macau.
https://www.manilatimes.net/2024/06/28/public-square/pr-newswire/dpc-dash-dominos-pizza-china-expansion-hits-900-stores-in-mainland-china/1953897

2024-06-26 17:02:31 GMT

Current account deficit to narrow but risks remain
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The Philippines' current account deficit is expected to narrow this year, with BMI Country Risk & Industry Research revising its 2024 forecast to 2.3 percent of GDP from 2.8 percent. However, this is still significantly larger than the 0.4 percent average for 2015 to 2019. The revision is based on better external demand prospects. The article does not provide information on the risks that remain.
#CurrentAccountDeficit #Gdp #Forecast #Philippines
https://www.manilatimes.net/2024/06/27/business/top-business/current-account-deficit-to-narrow-but-risks-remain/1953527

2024-05-29 17:12:14 GMT

Forever alone: More 'rogue' planets discovered
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The Euclid space telescope has discovered seven more rogue planets, shining a light on the dark and lonely worlds floating freely through the universe untethered to any star. These planets are not bound to a star like Earth is to the Sun, so there are no days or years on them, and they languish in perpetual night.
https://www.manilatimes.net/2024/05/30/news/national/forever-alone-more-rogue-planets-discovered/1949106

2024-05-14 17:02:59 GMT

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2024-05-14 17:02:47 GMT

Volcker's vaulting interest rate onto high gear
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The Federal Reserve in the United States has been reluctant to lower its short-term lending rates to major financial institutions. The main reason is that the domestic inflation rate in the US has not yet descended to the Federal Reserve's preferred level of around 2 percent. The Fed feels obligated to maintain a high interest rate of around 5 percent to combat inflation. Alan Greenspan, the former Fed chairman, carefully adjusted interest rates to support the rapid growth of the US economy during his tenure. However, he also witnessed several rounds of economic crises that originated in the US and spread globally.
#FederalReserve #InterestRates #Inflation #AlanGreenspan
https://www.manilatimes.net/2024/05/15/opinion/columns/volckers-vaulting-interest-rate-onto-high-gear/1946382

2024-05-07 17:02:09 GMT

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2024-05-07 17:01:58 GMT

Of American economic exclusivity and beyond
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The United States is the world's largest economy and injects liquidity into the market during economic downturns. However, excessive money in circulation can lead to inflation and depreciation of the local currency. This is because the external market may not be willing to absorb the increased money supply, causing local prices to increase. The increased supply of the local currency also depreciates its value. The article discusses the impact of economic exclusivity and the consequences of injecting liquidity into the market.
https://www.manilatimes.net/2024/05/08/opinion/columns/of-american-economic-exclusivity-and-beyond/1945129

2024-04-26 17:24:38 GMT

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2024-04-26 17:24:26 GMT

US economic growth markedly slower in Q1
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The US economy grew 1.6 percent in the first quarter of 2024, missing analysts' expectations of a larger 2.4-percent rise. This was a slowdown from the 3.4-percent increase in the previous quarter and the weakest rate since mid-2022. Consumer spending grew 2.5 percent, while there was a downturn in federal government spending. President Joe Biden maintained that the American economy remains strong, with unemployment below 4 percent for more than two years. However, he acknowledged that there is more work to do to lower costs for working families. The weaker-than-anticipated gain in GDP is not troubling, but the outlook going forward is uncertain, with labor market strength likely to support household spending and economic growth, but stubborn inflation could keep interest rates higher for a longer period of time.
#UsEconomy #EconomicGrowth #Gdp #ConsumerSpending #JoeBiden #Inflation
https://www.manilatimes.net/2024/04/27/business/top-business/us-economic-growth-markedly-slower-in-q1/1943469

2024-04-22 16:58:57 GMT

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2024-04-22 16:58:45 GMT

Countering China's modus operandi
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China's goal is to become a superpower through technology. They use a combination of economic, political, and cultural means to gain control of other countries. The US has been subjected to unrestricted warfare in the gray zone to weaken it. In 1988, then Foreign Affairs Secretary Raul Manglapus sent the author to a conference in Washington, D.C. where he learned about China's master plan. China sends hundreds of thousands of Chinese to the US and Europe for post-graduate studies. The author emphasizes the importance of strategy and deception in warfare, citing Sun Tzu. The article is published on The Manila Times website.
#China #Superpower #Technology #UnrestrictedWarfare #Strategy #Deception
https://www.manilatimes.net/2024/04/23/opinion/columns/countering-chinas-modus-operandi/1942790

2024-04-22 16:54:46 GMT

2024-04-22 06:52:23 GMT

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2024-04-22 06:52:12 GMT

Brazil's Bolsonaro hails Musk's 'courage' over freedom of speech
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Brazil's Jair Bolsonaro praised Elon Musk at a rally in Rio de Janeiro, stating that the billionaire has defended freedom of expression. Bolsonaro claims that freedom of expression is at risk in Brazil. The rally took place on Copacabana beach. Musk's ownership of social media platform X (formerly Twitter) has sparked controversy. Bolsonaro referred to Musk as a man who preserves freedom for everyone.
https://www.manilatimes.net/2024/04/22/world/brazils-bolsonaro-hails-musks-courage-over-freedom-of-speech/1942751

2024-04-21 16:43:30 GMT

US House approves aid for Ukraine, Israel, Taiwan
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The US House of Representatives has approved overdue military assistance to Ukraine, as well as boosting Israel and Taiwan defenses and threatening to ban Chinese-owned TikTok. The $95 billion package consists of four bills that were overwhelmingly approved in quick succession. The approval of aid to Ukraine demonstrates a rare show of bipartisan unity. The future of Republican House Speaker Mike Johnson is uncertain as he faces opposition from far-right detractors. The article does not provide specific details about the amount of aid allocated to each country or the timeline for its disbursement.
https://www.manilatimes.net/2024/04/22/world/americas-emea/us-house-approves-aid-for-ukraine-israel-taiwan/1942651

2024-04-20 16:36:23 GMT

Planet vs plastics: Transitioning to circular economy
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Plastic waste is posing a significant challenge to human health, livelihoods, and the environment. The world has doubled its plastics production in the last 20 years, with over 400 million tons of plastic produced annually, a third of which is used only once.
#PlasticWaste #CircularEconomy #EnvironmentalImpact
https://www.manilatimes.net/2024/04/21/opinion/contributors/planet-vs-plastics-transitioning-to-circular-economy/1942495

2024-04-17 17:33:48 GMT

Solomons votes in poll seen to impact China ties
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Voting closed across the Solomon Islands on Wednesday in its first general election since the government switched diplomatic allegiances from Taiwan to China and struck a secret security pact that has raised fears of Beijing's navy gaining a foothold in the South Pacific. The Solomon Islands' closer relationship with China and a troubled domestic economy weighed on voters' minds as they cast their ballots. As many as 420,000 registered voters had their say across 50 national seats on Wednesday.
https://www.manilatimes.net/2024/04/18/world/asia-oceania/solomons-votes-in-poll-seen-to-impact-china-ties/1942113

2024-04-17 17:24:58 GMT

DTI to boost exports with partnerships, FTAs
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The Department of Trade and Industry (DTI) aims to sustain merchandise export growth through collaborations and free trade agreements (FTAs). Merchandise exports grew by 15.7 percent to $5.9 billion in February, higher than the $5.1 billion recorded a year earlier, according to data from the Philippine Statistics Authority (PSA).
https://www.manilatimes.net/2024/04/18/business/top-business/dti-to-boost-exports-with-partnerships-ftas/1942056

2024-04-15 06:15:22 GMT

Scottie Scheffler unstoppable, wins another Masters green jacket
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Scottie Scheffler wins another Masters green jacket at Augusta National. He is considered the best player in golf. Scheffler prefers to stay in his own little world. The article is from The Manila Times and was published on April 15, 2024.
https://www.manilatimes.net/2024/04/15/world/scottie-scheffler-unstoppable-wins-another-masters-green-jacket/1941502

2024-04-14 16:53:54 GMT

Is Japan finally becoming a 'normal' economy?
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Japan's economy has been an outlier with near-zero inflation, interest rates, and wage growth. Simon Kuznets, the Nobel laureate, categorized Japan's growth as unique. However, in the late 1990s, Japan became the only advanced economy with these low economic indicators. The article discusses whether Japan is finally becoming a 'normal' economy.
https://www.manilatimes.net/2024/04/15/business/financial-times/is-japan-finally-becoming-a-normal-economy/1941411

2024-04-13 16:52:06 GMT

The world is big enough for the US and China; what are other countries doing?
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US Treasury Secretary Janet Yellen recently visited China to address trade disputes between the US and China. This was her second visit in nine months. The visit aimed to stabilize relations between the two countries following a summit between US President Joe Biden and Chinese leader Xi Jinping in November. Yellen stated that the world is big enough for both the US and China to thrive. The article also mentions that other countries are taking various actions, but does not provide specific details.
https://www.manilatimes.net/2024/04/14/opinion/columns/the-world-is-big-enough-for-the-us-and-china-what-are-other-countries-doing/1941255

2024-04-13 16:44:01 GMT

US, PH step up strategic partnership
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The United States and the Philippines have announced an expansion of their strategic partnership. The move comes as the two countries seek to strengthen their cooperation in various areas, including defense, trade, and regional security. The announcement was made on April 14, 2024, indicating the timing of the event. The details of the partnership and the specific areas of collaboration were not provided in the article. The Manila Times is the source of this news.
https://www.manilatimes.net/2024/04/14/news/headlines-us-ph-step-up-strategic-partnership-apr-14-2024/1941335

2024-04-12 16:48:20 GMT

What if Trump wins the 2024 US elections?
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Polls show President Joe Biden overtaking former president Donald Trump in voters' preferences for the November 2024 elections. The US economy has performed better under Biden than during Trump's term. The well-funded Biden campaign team aims to bring this fact to the appreciation of voters. It is unlikely that the 7 million voters who brought Biden's victory in 2020 will have disappeared in November.
https://www.manilatimes.net/2024/04/13/opinion/columns/what-if-trump-wins-the-2024-us-elections/1941104

2024-04-12 16:47:35 GMT

NASA interplanetary aircraft launched
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NASA scientists unveiled the interplanetary aircraft, called the Clipper spacecraft, that they plan to send to one of Jupiter's icy moons, Europa, in October. The spacecraft is part of the search for extraterrestrial life and will be the nearest spot in our celestial neighborhood that could offer a perch for life. The launch is scheduled for October.
https://www.manilatimes.net/2024/04/13/world/americas-emea/nasa-interplanetary-aircraft-launched/1941133

2024-04-11 16:56:34 GMT

Pivoting toward rival economic powers
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The first-ever Trilateral Summit between leaders of the Philippines, Japan, and the United States is taking place in Washington, D.C. President Ferdinand Marcos Jr. has steered the country's foreign policy toward the West, granting the US access to four military sites. The rising geopolitical tensions in the region are a concern for the three countries.
#TrilateralSummit #Philippines #Japan #UnitedStates #ForeignPolicy #GeopoliticalTensions
https://www.manilatimes.net/2024/04/12/business/top-business/pivoting-toward-rival-economic-powers/1940986

2024-04-07 17:00:43 GMT

Europe rights court to issue climate verdicts
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On Tuesday, the European Court of Human Rights (ECHR) will issue unprecedented verdicts in three separate cases on the responsibility of states in the face of global warming. The rulings could force governments to adopt more ambitious climate policies. The ECHR will determine whether governments' climate change policies are violating the European Convention on Human Rights. The verdicts will be issued by the ECHR, which is part of the 46-member Council of Europe.
#ClimateChange #HumanRights #EuropeanCourtOfHumanRights #EuropeanConventionOnHumanRights
https://www.manilatimes.net/2024/04/08/world/americas-emea/europe-rights-court-to-issue-climate-verdicts/1940297

2024-04-05 16:40:34 GMT

PH 'cannot ignore' China aggression
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The article discusses the Philippines' response to China's aggression, highlighting the need for the Philippines to address the issue. The article mentions that the Philippines cannot ignore China's aggression and must take action. It also mentions that renewable energy is vital to disaster response in the Eastern Visayas region. The article encourages readers to register and sign up for an account to access the full content.
#Philippines #China #Aggression #RenewableEnergy #DisasterResponse
https://www.manilatimes.net/2024/04/06/news/headlines-ph-cannot-ignorechina-aggression-apr-6-2024/1940100

2024-03-29 17:05:17 GMT

Planning begins with learning from the past
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The article discusses the importance of learning from the past in the planning process. It mentions Ian Morley, an associate professor of urban history at the Chinese University of Hong Kong and the vice president of the International Planning History Society, who is invited to write about Philippine urban planning history. The author emphasizes the need to understand how the present has been formed and to anticipate the future. The article also mentions the option to register and unlock the full article on The Manila Times website.
#UrbanPlanning #History #LearningFromThePast
https://www.manilatimes.net/2024/03/30/business/top-business/planning-begins-with-learning-from-the-past/1939041

2024-03-27 17:15:57 GMT

China's Xi meets US business reps in Beijing
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Chinese President Xi Jinping met with representatives of US businesses in Beijing. The meeting took place on March 27 at Beijing's Great Hall of the People. The purpose of the meeting was to woo foreign investment and reassure American firms amidst a slowing economy in China.
#China #XiJinping #UsBusiness #ForeignInvestment #Economy
https://www.manilatimes.net/2024/03/28/business/foreign-business/chinas-xi-meets-us-business-reps-in-beijing/1938787

2024-03-27 17:10:36 GMT

Vietnam asks for 'market economy' status
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Vietnam has called on the United States to recognize it as a market economy, stating that stronger trade ties would benefit Washington as it seeks to diversify from China. Vietnam and China are currently designated as nonmarket economies by the United States, allowing for tougher actions on their exports. President Joe Biden's administration has agreed to review Vietnam's status.
#Vietnam #UnitedStates #MarketEconomy #TradeTies #China
https://www.manilatimes.net/2024/03/28/business/foreign-business/vietnam-asks-for-market-economy-status/1938784

2024-03-24 17:01:40 GMT

Space research boosts anticancer fight
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Experiments in the weightless environment of space have led to "crazy progress" in the fight against cancer, according to NASA officials. Astronaut Frank Rubio highlighted the unique research opportunities in space at an event in Washington. The initiative is an important and personal one for US President Joe Biden. The article is from The Manila Times and was published on March 25, 2024.
https://www.manilatimes.net/2024/03/25/news/national/space-research-boosts-anticancer-fight/1938265

2024-02-19 17:16:14 GMT

DoJ wants strong case vs policemen in shabu haul
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Justice Secretary Jesus Crispin Remulla has ordered prosecutors to swiftly but fairly act on the case buildup for police officials implicated in the 990 kilograms of methamphetamine hydrochloride or shabu haul during a drug-bust operation in Manila in 2022. The DoJ panel of prosecutors and members of the Philippine National Police-Criminal Investigation and Detection Group (PNP-CIDG) held a clarificatory meeting on February 15 to examine additional complaints against certain individuals who took part in the October 2022 anti-illegal drugs operation.
#JusticeSecretary #PoliceOfficials #ShabuHaul #Drug-bustOperation #Manila
https://www.manilatimes.net/2024/02/20/news/national/doj-wants-strong-case-vs-policemen-in-shabu-haul/1933252

2024-02-19 16:37:07 GMT

Climate resilience PH priority, UN told
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Philippine Permanent Representative to the United Nations Antonio Lagdameo informed the UN Security Council that climate resilience and food security are the key development priorities of the country. The Philippines has adopted the National Climate Change Action Plan, which prioritizes food security, water sufficiency, ecological and environmental stability, among others, as the country's strategic direction to 2028.
#ClimateResilience #FoodSecurity #UnitedNations #Philippines
https://www.manilatimes.net/2024/02/20/news/national/climate-resilience-ph-priority-un-told/1933240

2024-02-18 17:43:21 GMT

Economists see faster GDP gains
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Economists from First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) predict faster gains in the Philippine economy this year, but growth may still fall below the government's target. They note an acceleration in the fourth quarter of 2023 compared to the second and third quarters. The economists shared their views in The Market Call report.
#Gdp #EconomicGrowth #Philippines
https://www.manilatimes.net/2024/02/19/business/top-business/economists-see-faster-gdp-gains/1933134

2024-02-05 17:35:25 GMT

Powell: Fed on track to cut rates
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Federal Reserve Chairman Jerome Powell stated in an interview that the US central bank is planning to cut interest rates three times this year, with the first cut expected to begin in May. Powell emphasized that the nation's job market and economy are strong, and there is no sign of a recession. The Federal Reserve's next meeting in March is likely too soon for a rate cut, but most economists believe the first cut will come in May or June. The central bank's goal is to lower the cost of mortgages, auto loans, credit cards, and other consumer and business borrowing. Inflation has been cooling, and nearly all members of the Fed's policy-setting committee agree that rate cuts will be appropriate this year. In December, Fed officials indicated that they envision three rate cuts in 2024, reducing the benchmark rate to about 4.6 percent by the end of the year. Powell attributed the inflation surge of 2021-2022 to the disruptions caused by the pandemic and the resulting supply chain disruptions and shortages. He acknowledged that the Fed misjudged the duration of the inflation and should have raised rates earlier. Powell emphasized that the Fed wants to see further evidence that inflation is in check before cutting rates. Other Fed officials have expressed caution about rate cuts, particularly after a government report showed unexpected job growth in December.
#FederalReserve #InterestRates #Inflation #UsEconomy
https://www.manilatimes.net/2024/02/06/business/top-business/powell-fed-on-track-to-cut-rates/1931291

2024-02-04 16:49:05 GMT

Economic self-reliance is a dangerous delusion
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Governments and companies around the world prioritize shortening supply chains, rebuilding domestic production capacity, and diversifying suppliers due to vulnerabilities exposed by Covid-19 and the war in Ukraine. However, the goal of economic self-reliance threatens to derail stable restructuring of the global economy. Self-reliance is different from protectionism and aims to build domestic resilience in a less secure world. The fading Pax Americana and the intensifying US-China rivalry have impaired America's ability to keep the global market economy open. Signs of America's diminished commitment to the global liberal order have been multiplying, while China and other emerging economies have been building a parallel international system. The world finds itself in an increasingly unstable equilibrium, with countries building up their own domestic capabilities and regional groupings. Self-reliance strategies lead to systemic chaos as key goods and markets become inaccessible, and attempts to build domestic capabilities in exclusionary ways have never brought national resilience or international peace. Mutual reliance among countries should be the goal to prevent the costly fragmentation of the global economy into separate blocs.
#EconomicSelf-reliance #GlobalEconomy #SupplyChains #DomesticProduction #Us-chinaRivalry #GlobalLiberalOrder
https://www.manilatimes.net/2024/02/05/opinion/columns/economic-self-reliance-is-a-dangerous-delusion/1931110