According to the Asia Maritime Transparency Initiative (AMTI), a Washington-based think tank, and a part of the Center for Strategic and International Studies (CSIS), China has upgraded its facilities in Panganiban Reef (Mischief Reef), Fiery Cross Reef, and Subi Reef. According to the June 19, 2017 AMTI report, China is continually “expanding its already substantial communications and radar capabilities on the artificial islands. A very large antennae array is being installed on a small outpost at the southern side of Mischief Reef, presumably boosting China’s ability to monitor activity around the feature. That ability should be of particular concern to Manila, given Mischief’s proximity to Palawan, Reed Bank, and Second Thomas Shoal …
AN INFRASTRUCTURE assistance scheme providing technical expertise will be set up to aid in carrying out the government’s infrastructure programs, forming part of the Asian Development Bank’s (ADB) pledged $100-million loan to the government.
FINANCE Secretary Carlos G. Dominguez III said that poor infrastructure is what keeps investors from setting up business process outsourcing (BPO) operations here, not the loss of incentives associated with the tax reform program.
Last month, the Philippine Atmospheric Geophysical and Astronomical Services Administration (PAGASA) officially announced the start of the rainy season. Not only would the season bring an average of 20 typhoons every year but also deliver with it the equally devastating southwest monsoon or “Habagat,” the effects of which we all have witnessed in the past years. On the other hand, the Marawi crisis has entered its seventh week and is not expected to end very soon.
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THE Mines and Geosciences Bureau (MGB) said it will inventory the country’s water resources, specifically watersheds where miners are active.
THE Finance department said macroeconomic fundamentals remain sound and that the risk of the economy overheating, flagged by debt rating agencies, remains farfetched.
One of the greatest business disruptors in recent years has arguably been the rise and exponential growth of the “sharing economy.” An EY report on the sharing economy defines it as comprising new business models empowered by multiple disruptive technologies (i.e. cloud-based collaborative apps riding on high bandwidth, always-on mobile networks and the web) that exploit previously inaccessible information to instantaneously match consumer needs to idle capacity to create economic efficiencies.
El Nido in Palawan has been recommended as one of the “25 Beaches to See In Your Lifetime” by Business Insider. El Nido, Palawan [by Dmitry Pichugin via Shutterstock] The business website picked the Philippines’ beach as of one the top 25 must-see beaches worth travelling to in the world for its sand, waters, and lagoons. Insider’s Sarah Schmalbruch recommended the world-renowned beach destination saying, “You'll be happy no matter which of El Nido's numerous beaches you visit.” Consistently voted as Top Island and Top Most Beautiful Island Beach by various travel sites, El Nido is described by Business Insider as “synonymous with sparkling white sand and vibrant waters. Its lagoons are surrounded by towering cliffs that will impart a sense of adventure while you swim and lounge.” El Nido is one of the top spots drawing international travelers to Palawan which is also renowned for being home to the Puerto Princesa Subterranean River, one of the new Seven Wonders of the World. The post El Nido in “25 Beaches to See In Your Lifetime” list appeared first on Good News Pilipinas. Related posts: Travelers’ Choice names Top PH beaches Palawan, Boracay in Conde Nast, Trip Advisor top list Nacpan Beach in Trip Advisors list of World’s Best Trip Advisor picks El Nido as global choice destination