Jul 242016
 
No Asean consensus on sea row–for now

Laotian Prime Minister Thongloun Sisoulith, sixth from left, and Laotian Foreign Minister Saleumxay Kommasith, sixth from right, stand with with Southeast Asian foreign ministers, from left, an unidentified delegate from Malaysia, Aung San Suu Kyi of Myanmar, Vivian Balakrishnan of Singapore, Don Pramudwinai of Thailand, Pham Binh Minh of Vietnam, Thongloun Sisoulith, Saleumxay Kommasith, Perfecto Yasay Jr. of the Philippines, Brunei’s Trade Minister Jock Seng Pehin Lim, Sakhonn Prak of Cambodia, Retno Marsudi of Indonesia and Asean Secretary General Le Luong Minh, as they pose for a group photo during the opening ceremony of the 49th Asean Foreign Ministers’ Meeting in Vientiane, Laos, Sunday, July 24, 2016. AP VIENTIANE—The Association of Southeast Asian Nations (Asean) failed to reach a consensus on how to deal with China’s territorial expansion in the South China Sea, intensifying a diplomatic stalemate that officials said they hoped to resolve in further closed-door parleys on Sunday. The foreign ministers of the 10-member Asean deliberated for about three hours, continuing the unfruitful discussions their senior officials had on Saturday, but with no result. “They haven’t completed their discussion,” said Thai foreign ministry spokesperson Sek Wannamethee. “They are now having a working luncheon followed by an Asean retreat, so the issue will be discussed during the retreat.” Like all other Asean meetings, the foreign ministers’ conclave at the Laotian capital Vientiane also traditionally ends with a joint statement. But the sticking point is whether to include a reference to the South China Sea. Consensus Asean’s cardinal principle is Read More …

Jul 242016
 
Peace advocates: Disband militias to ensure successful talks with NDF

New People’s Army. INQUIRER FILE PHOTO DAVAO CITY – Optimism is high over the scheduled resumption of the talks between the Philippine government and the communist rebel negotiator, National Democratic Front (NDF), but there are potential spoilers ahead. This was the message of international peace advocates and human rights activists who gathered here over the weekend after a series of field visits in different locations of conflict in Mindanao. At least 232 delegates coming from 25 countries participated in the International Conference for People’s Rights in the Philippines. The National Democratic Front is the political arm of the Communist Party of the Philippines and its rebel army, New People’s Army, Bishop Felixberto Calang of the Iglesia Filipina Independiente and one of the organizers of the International Coalition for Human Rights in the Philippines (ICHRP) said it was the first meeting of global peace advocates in the country under the new administration of President Duterte. “The presidency of Duterte promises change. We are all hopeful for that change that the entire Filipino people are all struggling hard for and even paid for by their own blood,” Calang said. But according to Calang, many are anxious over the continuing presence of government forces and paramilitary groups in the communities. Josephine Pagalan of Kasalo Caraga said that at least 24 lumad (members of indigenous communities) and farmers were killed during the Aquino administration and about 50 percent of these killings were perpetrated by paramilitary groups. “These are systematic attacks to force the entry Read More …

Jul 242016
 
Philippines likely to remain world’s contact center capital

MANILA, Philippines – Sorry India, but the Philippines is likely to keep its crown as the world’s contact center capital for more years to come. Industry experts told The STAR there is a very slim chance the Philippines would be dethroned as the global leader in call center operations over the next five years. “The Philippines at least for the foreseeable future will continue to be leader in the voice segment. I don’t see that going anywhere. Five years definitely, but 10 to 15 years I don’t want to bet on that because you don’t know how technologies will change and how the new generation of people will use communication,” said Nitin Bhat, senior partner at Frost and Sullivan, the consultancy firm crafting the roadmap with Information Technology and Business Process Association of the Philippines (IBPAP). “That’s our intention (to sustain our number one spot) and I think it’s not unrealistic,” Contact Center Association of the Philippines president and IBPAP executive committee chairman Benedict Hernandez added. Hernandez said the Philippines snatched the world’s biggest call center title from India in 2010 and the country has not let go of it since. At present, India remains second behind the Philippines while other market are also growing. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 “You have India and the Philippines, but Philippines is positioned much better because of English language skills, the customer service orientation that they see in the Philippines, as well as the English accent which is a Read More …

Jul 242016
 
Share prices may succumb to profit taking

The benchmark Philippine Stock Exchange index (PSEi) is seen ranging from 7,500 to 8,450 with target resistance at 8,136, said Victor Felix, equity analyst at AB Capital. File photo MANILA, Philippines – The stock market may see some profit taking this week ahead of the so-called ghost month of August, analysts said. The benchmark Philippine Stock Exchange index (PSEi) is seen ranging from 7,500 to 8,450 with target resistance at 8,136, said Victor Felix, equity analyst at AB Capital. Felix said primary support is seen at 7,950 while secondary support is seen at 7,850. Felix said investors would be keeping a close watch on President Duterte’s State of the Nation Address on Monday. Depending on his pronouncements, the SONA can push the index higher, Felix said. “Overall, the PSEi may be experiencing an overwhelming bullish sentiment as well as favorable technical formation for the bulls. Thus, we caution for an investing mindset at these levels; meanwhile, momentum and range trading are the most effective strategies in an indecisive market movement. Next week, the president’s SONA will provide for either a boost in bullish sentiments or start a major correction,” Felix said. Last week, the market closed on a near 15th month high amid a string of positive news. These include Japan’s stimulus bets, the move of the European Central Bank to keep rates steady and the generally positive second quarter earnings. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Felix said companies are expected to continue reporting positive corporate Read More …

Jul 242016
 
National Security Council to meet Tuesday on top issues confronting PH

President Rodrigo Duterte and National Security Adviser Hermoges Esperon Jr. (INQUIRER FILE PHOTO/EDWIN BACASMAS) DAVAO CITY – The National Security Council is scheduled to meet on Tuesday amid pressing issues confronting the country. Presidential Assistant on the Peace Process Jesus Dureza told reporters here late Saturday that the meeting was being arranged by National Security Adviser Hermogenes Esperon Jr. and that “all important issues confronting the nation will all be discussed.” Dureza said “all living former presidents, heads of the different congressional levels, key officials of Malacañang’s security council and other leaders” have been invited to attend the meeting. It was not clear though if former President Benigno Aquino III will be attending the NSC meeting, which was set a day after Mr. Duterte’s first State of the Nation Address (SONA). The NSC meeting will be held on the same day that President Duterte will meet US Secretary of State John Kerry. Kerry will be coming in from Vientiane, where he was scheduled to attend several meetings of leaders of the Association of Southeast Asian Nations (Asean), during which, he would discuss the territorial disputes between some Asean members and China. During the NSC meeting, the territorial row between the country and China over the West Philippine Sea is expected to be discussed. “President Duterte will listen to the guidance, inputs, suggestions or recommendation of former presidents and other leaders of the government,” Dureza said. Dureza said the Duterte administration would be crafting a set of guidelines that former President Read More …

Jul 242016
 
P35M worth of investments generated in GenSan biz fair - DTI

Dozens of entrepreneurs joined the “business-matching dialogue” during the July 13-15 trade fair of the Department of Trade and Industry in Gen. Santos City. JOHN UNSON KORONADAL CITY — The July 13-15 joint business fair in General Santos City by private groups and the Department of Trade and Industry (DTI) generated P35 million worth of investments, DTI’s regional office here said. In an email on Saturday, DTI’s office in Soccsksargen (Region 12) said the activity also generated P5 million worth of sales by participating entrepreneurs and private trading groups. The three-day event, held at a shopping mall in General Santos City, was dubbed Negosyo Konsyumer ATBP (NKATBP), which involved traders and entrepreneurs from central Mindanao’s South Cotabato-Sultan Kudarat-Sarangani and General Santos geographical economic corridor. The fair was also capped off with “business-matching” activities, focused on livestock, orchard and short-term crop ventures. DTI said P1.8 million was generated by the “Diskwento Caravan” during the three-day fair, where participants sold various merchandise in designated booths with high discount rates. A trade and consumer fair that featured products from provinces in the region had raked in P3.8 million worth of sales during the three-day activity.

Jul 242016
 
No Asean consensus on South China Sea row for now

Laotian Foreign Minister Saleumxay Kommasith, left, talks to his counterpart Perfecto Yasay Jr. of the Philippines, center, and Brunei’s Trade Minister Jock Seng Pehin Lim after the opening ceremony of the 49th Association of Southeast Asian Nations (ASEAN) Foreign Ministers’ Meeting in Vientiane, Laos, Sunday, July 24, 2016. (AP Photo/Sakchai Lalit) VIENTIANE, Laos — Southeast Asia’s main grouping failed to reach a consensus on how to deal with China’s territorial expansion in the South China Sea, intensifying a diplomatic stalemate that officials said they hope to resolve in further closed-door parleys on Sunday. The foreign ministers of the 10 countries that make up the Association of Southeast Asian Nations deliberated for about three hours, continuing the unfruitful discussions their senior officials had on Saturday, but with no result. “They haven’t completed their discussion,” said Thai Foreign Ministry spokesman Sek Wannamethee. “They are now having a working luncheon followed by an Asean retreat, so the issue will be discussed during the retreat.” Like all other Asean meetings, the foreign ministers’ conclave also traditionally ends with a joint statement. But the sticking point is whether to include a reference to the South China Sea. Asean’s cardinal principle is decisions by consensus, which means any country can veto a proposal. This time, it is Cambodia, China’s close ally. In 2012, Cambodia also blocked a reference to the dispute, which ended with the ministers failing to issue a statement for the first time in the bloc’s history. Sek said the “joint communique is still Read More …

Jul 242016
 
G20 countries pledge to boost growth, dampen Brexit shock

G20 Finance Ministers and Central Bank Governors pose for a group photo in Chengdu in Southwestern China’s Sichuan province, Sunday, July 24, 2016. Finance Ministers and Central Bank Governors of the 20 most developed economies met in the southwestern city of Chengdu ahead of a G20 leaders meeting in September hosted by China. Participants in the front row are, from left: Britain’s Chancellor of the Exchequer Philip Hammond, World Bank President Jim Yong Kim, an unidentified member, Turkey’s Deputy Prime Minister Mehmet Simsek, China’s Finance Minister Lou Jiwei, China’s People’s Bank of China Governor Zhou Xiaochuan, Germany’s Federal Minister of Finance Wolfgang Schauble, International Monetary Fund Managing Director Christine Lagarde and OECD Secretary-General Angel Gurria. AP/Ng Han Guan, Pool BEIJING  — Finance officials of major economies have pledged to boost sluggish global economic growth and defend against the shockwaves of Britain’s exit from the European Union. Envoys from the Group of 20 major economies ended a two-day meeting Sunday with a pledge to use government spending and regulatory reforms to strengthen growth but announced no joint action. Governments at the meeting, which included Britain, called for a “close partnership” between that country and its European neighbors if the British government follows through on plans to leave the trade bloc. They said the British vote to leave the EU has caused turmoil in global markets but that they have taken steps to limit its impact.

Jul 232016
 
ASEAN split on how to deal with China in South China Sea row

In this July 14, 2016 file photo, a woman walks past a billboard featuring Pagasa, a Philippine island in the South China Sea, on display with Chinese words that read: “South China Sea, our beautiful motherland, we won’t let go an inch” in Weifang in east China’s Shandong province. An international arbitration panel’s decision on the contested waters of the South China Sea so far is fueling regional tensions rather than tamping them down. In the ensuing 11 days, China has responded to the sweeping victory for the Philippines by flexing its military might. The Philippines faces pressure both at home and abroad not to cede an inch to China after the July 12 decision by a tribunal at The Hague-based Permanent Court of Arbitration. AP VIENTIANE, Laos — Southeast Asia’s main grouping has opened a meeting of their foreign ministers, deeply divided on how to deal with China’s territorial expansion in the South China Sea. Laos is hosting the gathering of the 10-nation Association of Southeast Asian Nations, which traditionally ends with a joint statement. But the sticking point is whether to include a reference to the South China Sea. ASEAN’s cardinal principle is decisions by consensus, which means any country can veto a proposal. This time again, it appears to be Cambodia, China’s close ally. In welcoming remarks, Laotian Foreign Minister Saleumxay Kommasith made no mention of the dispute. In 2012, Cambodia also blocked a mention of the dispute, which ended with the ministers failing to issue a statement for Read More …

Jul 232016
 
SE Asia bloc pushes for South China Sea breakthrough

In this July 14, 2016 file photo, Marcopolo Tam, a member of a pro-China business group in Hong Kong, points to what is now known as the Spratly Islands in the South China Sea on a Japanese World War II era map. An international arbitration panel has decided that there is no basis for China’s claim to almost all of the South China Sea. The Asean has been trying to issue a joint declaration on the illegal Chinese claim but Cambodia has reportedly been spoiling the attempts. AP FILE PHOTO VIENTIANE, Laos — Southeast Asian foreign ministers will hold crunch talks in communist Laos on Sunday at a summit already overshadowed by infighting over Beijing’s saber rattling in the South China Sea. The gathering in Vientiane is the first major regional talks since the UN-backed tribunal ruled earlier this month that China did not have historic rights to vast swathes of the strategic sea. READ: Cambodia blocking Asean consensus on South China Sea—diplomat US Secretary of State John Kerry, who arrives in Laos on Monday, and Chinese Foreign Minister Wang Yi are among the delegates attending meetings on the sidelines of the summit. The 10-member Association of Southeast Asian Nations (ASEAN), which includes four members who have competing claims with Beijing over parts of the strategic sea, has long presented itself as the best place for China to negotiate with neighbors over disputes. Beijing has resisted that approach, insisting that territorial disputes must be settled bilaterally. In recent years ASEAN has Read More …