SBCorp to roll out of P10-B financing assistance to MSMEs

With the Bayanihan to Recover as One Act (RA 11494)  signed into law, a P10- billion fund has been allotted to  The Small Business Corporation (SBCorp), the government’s micro financing arm. SBCorp announced it will start rolling out on Monday, October 26, the P10-billion fund to ensure the continued employment of micro, small and medium enterprises (MSMEs). In a statement, SBCorp said the new fund allocated has expanded its existing COVID-19 Assistance to Restart Enterprises (CARES) Program. The P10 billion fund includes the P6 billion fund allocated for CARES Tourism…

South China Sea news: Beijing fires ‘dozens of missiles’ in two-day exercise | World | News

China claims it has a historic right of ownership to almost the entire South China Sea, despite a 2016 international arbitration ruling saying Beijing’s claim had no legal basis under international law. But the Philippines, Vietnam, Malaysia, Taiwan and Brunei also have overlapping claims to parts of it. An official Chinese outlet said air-to-air missiles were launched during a two-day military exercise on Hainan Island this week. The drill was attended by up to 100 soldiers and was organised by the naval force of the Southern Theatre Command of the…

Is the Japanese PM’s first overseas trip to Vietnam and Indonesia related to containing China?

Posted October 24, 2020 06:14:35 Photo: Japan has only been allowed to export defence products since 2014. (US Army: Markus Castaneda) Japan’s newly-minted Prime Minister Yoshihide Suga has completed his inaugural state visits this week. They were to Indonesia and Vietnam, a non-traditional choice for Japanese leaders who have historically made Washington their first visit. In Hanoi, Mr Suga clinched a defence export deal — only the second for Japan since an export ban was lifted in 2014 — while in Jakarta, he pledged a 50 billion yen ($670 million)…

Discover the benefits of living by the sea

The pandemic has brought stress, especially mental stress as anxiety is on the rise. To combat this, all you need is a break, or even a day at the beach.   According to Dr. Thomas W. Ferkol of the American Thoracic Society, exposure to salt-tinged ocean breeze had a beneficial effect on patients who participated in a 48-week study conducted in the Australian coast. Findings showed that not only did saline breeze clear their lungs, but it also decreased allergy flare-ups. A subsequent study featured in The New England Journal…

2020 US elections has no answers for the world’s China threat

The second of the two presidential debates has concluded and while it is pointless to talk about who won since the election is now just 10 days away, what’s clear is how myopic this electoral contest has become. American President impacts policy making globally and that explains how much the world is interested in knowing who will lead the US. But the 2020 presidential election is not about how American policy will shape the world or how it will tackle the biggest threat of the civilized world- China. It is…

U.S. Indo-Pacific Strategy Will Change in the Next Four Years

LCS USS Montgomery transits past an oil rig at a contested site within the Vietnamese EEZ, May 7, 2020 (U.S. Navy) By The Strategist 10-23-2020 02:06:36 [By Walter Lohman] Washington’s approach to the Indo-Pacific will change over the next four years, regardless of the outcome of the November election. The only questions are how and how much. The first term of President Donald Trump produced many conventional national security and foreign policy outcomes in the Indo-Pacific. The US military is still…

Meet the Filipino designer whose Sesame Street LEGO set will be sold worldwide

• Ivan Guerrero’s childhood favorites have been turned into a LEGO playset. • His ‘dream come true’ started in 2017 when he submitted his Sesame Street set design to LEGO Ideas, the toymaker’s community-based website, which accepts suggestions and gives designers a chance to convert them into actual sets. • Eventually, his design got the approval of the toy production giant and it was given the green light for commercial production and release worldwide. • On Nov. 1, the sets will be on the shelves of LEGO stores around the…

Taiwan says Hong Kong warned off flight to Taiwan-controlled island : The Asahi Shimbun

TAIPEI–Hong Kong air traffic controllers on Thursday warned off a Taiwanese civilian flight flying to Taiwan-controlled islands in the South China Sea, forcing it to turn back, the island’s government said. The incident, which comes at a time of rising regional tensions, occurred as a UNI Air charter flight from southern Taiwan’s Kaohsiung to the Pratas Islands was approaching Hong Kong’s flight information region, Taiwan’s Civil Aeronautics Administration said. Hong Kong air traffic controllers told the captain there were “dangerous activities” happening below 26,000 feet and the aircraft could not…

PH, Japan affirm support for freedom of navigation in South China Sea

New Japanese defense minister Nobuo Kishi and Sec. Delfin Lorenzana meet for the first time through a video teleconference on Oct. 23, 2020. DND-PAS MANILA, Philippines—The Philippines and Japan affirmed commitment to upholding freedom of navigation in the South China Sea at the first meeting of new Japanese defense minister Nobuo Kishi and his Philippine counterpart, Secretary Delfin Lorenzana on Friday (Oct. 23). “We call on concerned parties to desist from any action and activity that contravenes the Asean-China Declaration on the Conduct of Parties in the South China Sea…

Zamboanga City bags second Chooks 3×3 title

Zamboanga City-Family’s Brand Sardines made it two in a row Friday night after defeating Nueva Ecija, 21-11, in a heated title affair to capture the second leg of the Chooks-to-Go Pilipinas 3×3 President’s Cup at the Inspire Sports Academy in Calamba, Laguna. Alvin Pasaol and Santi Santillan led the way by combining for 15 points as Zamboanga City continued the lord over the rest of field two nights after taking the inaugural leg of the TM-backed professional 3×3 league. Pasaol, Santillan, Joshua Munzon and Troy Rike claimed the top purse…