Vietnam hands over ASEAN baton to Brunei

PM Nguyen Xuan Phuc (R) handed over the ASEAN chairpersonship hammer to Brunei’s Ambassador to Vietnam. Photo courtesy of the World and Vietnam Report. Vietnamese Prime Minister Nguyen Xuan Phuc handed over the bloc’s chairpersonship hammer to Brunei Ambassador Pengiran Haji Sahari bin Pengiran Haji Salleh at the closing ceremony of the 37th ASEAN Summit in Hanoi. In an online speech, Brunei’s Sultan Hassanal Bolkiah congratulated Vietnam for its successful ASEAN chairpersonship. He called on ASEAN to maintain the bloc’s unity and centrality in the coming time. Brunei will be…

PSBank earnings drop 39% – Manila Bulletin

Philippine Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, registered a 39 percent drop in net income to P1.33 billion in the first nine months of 2020 from the P2.18 billion earned in the same period last year due to higher loan provisioning. In a disclosure to the Philippine Stock Exchange, the bank said gross revenues improved 23.9 percent to P13.3 billion year-on-year, with net interest income increasing by 27.6 percent to P10.4 billion. Other operating income, inclusive of net service fees and commission income, was up 11.9 percent…

South China Sea: India lashes out at Beijing for ‘eroding trust’ after aggressive policy | World | News

New Delhi’s external affairs minister S Jaishankar outlined India’s position on the disputed waterway at the East Asia Summit, which brings together the 10 members of the Association of Southeast Asian Nations (Asean) along with India, Australia, China, Japan, New Zealand South Korea, Russia and the US. Mr Jaishankar pointed to the importance of adhering to international law, respecting territorial integrity and sovereignty, and promoting a rules-based global order. Without naming China, the minister said India was concerned about actions and incidents in the South China Sea that “erode trust”.…

Holy but Hot (C) – Manila Bulletin

WALA LANG Jaime C. Laya The Manila antique collectors world is small. Collectors, shopowners, agents, pickers, etc., know each other. They compete but are a friendly lot. News circulates fast about who bought what and for what price, what is fake, what is missing, what might be available. Naturally each keeps secret and no one asks what is being targeted but once a capture is made, there is often a grand reveal. The finding and return of Baclayón’s San Blas bestowed upon Antonio “Tony” Martino the standing of Mabini Interpol,…

Asia forms world’s biggest trade bloc, excluding U.S.

Representatives of signatory countries are pictured on screen during the signing ceremony for the Regional Comprehensive Economic Partnership (RCEP) trade pact at the ASEAN summit that is being held online in Hanoi on November 15, 2020. NHAC NGUYEN | AFP | Getty Images Fifteen Asia-Pacific economies formed the world’s largest free trade bloc on Sunday, a China-backed deal that excludes the United States, which had left a rival Asia-Pacific grouping under President Donald Trump. The signing of the Regional Comprehensive Economic Partnership (RCEP) at a regional summit in Hanoi, is…

Duterte backtracks on Department of Disaster Resilience, says he can make do with the present setup

President Duterte is prepared to make do with the government’s present disaster response system after some lawmakers opposed the proposed creation of a new department to handle such concern.  President Rodrigo Roa Duterte (SIMEON CELI JR./PRESIDENTIAL PHOTO/ MANILA BULLETIN) The President admitted that there has been a “resistance” in Congress to the proposed Department of Disaster Resilience due to supposed redundancy. The bill seeking to create new department related to disaster risk reduction and response  is one of the priority bills earlier endorsed by the President. “We’re having a resistance, sa Congress mismo.…

Sustainable practices needed to weather crisis

The Aboitiz group is urging local businesses to adopt sustainable practices in order to weather the widespread disruptions taking place today as the world struggles with the immense impact of the COVID-19 health crisis.  This was the recent rallying call of Aboitiz business units namely Aboitiz Power Corporation (AboitizPower) and Union Bank of the Philippines (UnionBank) during recent The BEST (Business for Environmentally Sustainable Transformation) Project Forum. The BEST Project is a technologically-powered social enterprise that allows businesses and organizations to reduce marketing, create more targeted messaging, and deliver direct environmental,…

Morning news brief: Pro-Trump protests in US, DACA rules, Pak seeks loan from China and more, World News

After 2020 US election results, Thousands of supporters of the incumbent president of the United States, Donald Trump, marched through downtown Washington. In South Asia, Imran Khan has decided to seek $2.7 billion loan from China for the construction of package-I of the Mainline-1 project of China-Pakistan economic corridor (CPEC). And on Saturday, In an oblique message to China, India expressed concern over “actions and incidents” that “erode” trust in the South China Sea. Court rules for ‘Dreamers’, rejects Trump’s limits on immigration programme A judge has rejected the White House’s…

Leni: Presence of President and VP a morale boost for Cagayan residents

Vice President Leni Robredo said on Sunday, Nov. 15, that her and President Duterte’s personal presence is a moral boost for the displaced residents of Cagayan, which was hit by massive flooding due to typhoon “Ulysses.” Vice President Leni Robredo (OVP / MANILA BULLETIN) The country’s top two officials made separate visits to the areas of the province submerged in floodwater. Robredo, who arrived first in Tuguegarao City, visited the affected people on the ground, while Duterte conducted an aerial inspection of the flooded areas before presiding the disaster relief…