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Philippine finance secretary sees 'long pause' in rate hikes
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +1 min
MANILA, June 25 (Reuters) - Philippine Finance Secretary Benjamin Diokno said he expected the central bank, of which he is a policymaker, to take a "long pause" in raising interest rates steady as inflation is expected to ebb. The bank held its key policy rate steady at 6.25% for a second straight meeting on Thursday. I don't see any cut until we really have that strong evidence of a decline" in inflation, Diokno said. He is one of the seven members of the policy-making Monetary Board, which next meets on Aug. 17 to review policy under the leadership of a new central bank governor. Since May last year, the central bank raised rates 425 basis points to combat inflation.
Persons: Benjamin Diokno, Diokno, Ferdinand Marcos Jr, Eli Remolona, Felipe Medalla, Neil Jerome Morales, WIlliam Mallard Organizations: Philippine Finance, Bangko Sentral ng Pilipinas, Thomson Locations: MANILA, Bangko
MANILA, June 26 (Reuters) - The Philippines on Monday said it had signed four loan agreements with the World Bank totalling $1.14 billion, including $750 million of budgetary support for policy reforms to boost environmental protection and climate resilience. The agreements also include $276 million of funding support for two projects aimed at developing the agriculture and fisheries sectors, and $110 million financing for improving education quality, according to the Philippines' finance department. The Southeast Asian country is looking to transform its long-neglected farm sector into an engine of growth. President Ferdinand Marcos Jr, who is also the agriculture minister, has vowed to undertake reforms to improve productivity of the sector, which in recent years accounted for about a tenth of gross domestic product. Reporting by Enrico Dela Cruz; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.
Persons: Ferdinand Marcos Jr, Enrico Dela Cruz, Martin Petty Organizations: World Bank, Thomson Locations: MANILA, Philippines
Perhaps no political promise is more potent or universal than the vow to restore a golden age. What these political myths have in common is an understanding that the golden age is definitely not right now. I and my colleague Daniel Gilbert at Harvard have found evidence for that bug, which we recently published in the journal Nature. We first collected 235 surveys with over 574,000 responses total and found that, overwhelmingly, people believe that humans are less kind, honest, ethical and moral today than they were in the past. Respondents of all sorts — young and old, liberal and conservative, white and Black — consistently agreed: the golden age of human kindness is long gone.
Persons: Caesar Augustus, Medicis, Adolf Hitler, Xi Jinping, “ Bongbong ” Marcos Jr, Donald Trump’s “, , Joe Biden’s, Daniel Gilbert, pollsters, Organizations: Harvard Locations: China, Philippines
An ancient mummy was found under a trash dump in Lima, Peru. Archaeologists told BBC News they had to remove over 15,000 pounds of trash to access the site. Researchers believe the mummy is 3,000 years old and was likely a sacrifice. But before examining the ancient mummy, over 15,000 pounds of trash had to be removed from the site, BBC News reported. The mummy was likely a sacrificeStudents and archaeologists first discovered the mummy thanks to its exposed hair and skull.
Persons: , Anthony Marina, Miguel Aguilar, Aguilar Organizations: BBC News, Service, San Marcos University, Reuters, BBC Locations: Lima , Peru, Lima
To help address that, Tokyo in April said it would offer like-minded countries military aid, including radars, that the officials said would help the Philippines plug defensive gaps. One, however, said the aid effort was a Japanese initiative and not anything the United States had pressed for. The Philippines Department of Foreign Affairs said it was not immediately able to comment on security aid from Japan or hosting Japanese troops. LOOSENING THE RULESThe scope of Japanese military aid is limited by a self-imposed ban on lethal equipment exports. But he said Japan and the United States are treading carefully in trilateral talks with the Philippines.
Persons: Read, Fumio, Katsutoshi Kawano, Joe Biden's, Jake Sullivan, Takeo Akiba, Eduardo Ano, Fumio Kishida, Volodymyr Zelenskiy, Kishida, Kawano, Ferdinand Marcos Jr, Marcos, Yusuke Ishihara, Tim Kelly, Sakura Murakami, Yukiko Toyoda, Neil Jerome Morales, Gerry Doyle Organizations: U.S, Marines, Warriors, Philippine Marine Corps, Japanese, Reuters, Washington, Japan's Ministry of Foreign Affairs, The Philippines Department of Foreign Affairs, Ukraine, Group, Seven, Self - Defence Forces, Staff, Japan's National Institute for Defense Studies, Thomson Locations: Philippine, Japan, South Korea, , Taguig City, Metro Manila, Philippines, TOKYO, Indonesia, Taiwan, Ukraine, East Asia, Tokyo, Pacific, China, Japanese, United States, Kyiv, Manila, Yonaguni, Britain, Australia
Magnitude 6.3 earthquake strikes northern Philippines
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +1 min
MANILA, June 15 (Reuters) - An earthquake of magnitude 6.3 struck the Philippines' main island on Thursday, authorities said, halting some railway operations in the capital Manila. No casualties or major damage were reported after the quake, which struck out at sea at a depth of 10 kilometres (6.21 miles) and was felt in nearby provinces, the Philippine seismology agency said. Operations of the three elevated railway lines in Manila were stopped due to the earthquake, the transport ministry said. The seismology agency initially recorded a magnitude 6.2 earthquake, but later revised it to 6.3. Reporting by Jahnavi Nidumolu in Bengaluru, Enrico Dela Cruz and Neil Jerome Morales in Manila; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.
Persons: Bernardo Rafaelito Alejandro, Ferdinand Marcos Jr, Peter Oliver Palacio, Jahnavi, Enrico Dela Cruz, Neil Jerome Morales, Kanupriya Kapoor Organizations: Railways, GMA, Thomson Locations: MANILA, Philippines, Manila, Philippine, Calatagan, Bengaluru
Archaeologists in Peru find 3,000 year-old mummy in Lima
  + stars: | 2023-06-14 | by ( ) www.reuters.com   time to read: +1 min
[1/5] The remains of a mummy, believed to be from the Manchay culture which developed in the valleys of Lima between 1,500 and 1,000 BCE, are pictured at the excavation site of a pre-Hispanic burial, in Lima, Peru June 14, 2023. REUTERS/Anthony MarinaLIMA, June 14 (Reuters) - Peruvian archaeologists have discovered an approximately 3,000-year-old mummy in Lima, they said on Wednesday, the latest discovery in the Andean nation dating to pre-Hispanic times. Students from San Marcos University and researchers initially found remains of the mummy's hair and skull in a cotton bundle during excavation, before uncovering the rest of the mummy. The mummy was probably from the Manchay culture, which developed in the valleys of Lima between 1500 and 1000 BC, archaeologist Miguel Aguilar said, and was associated with the construction of temples built in a U-shape that pointed toward the sunrise. The person "had been left or offered (as a sacrifice) during the last phase of the construction of this temple," Aguilar said.
Persons: Anthony Marina LIMA, Miguel Aguilar, " Aguilar, Enrique Mandujano, Anthony Marina, Alfredo Galarza, Carolina Pulice, Brendan O'Boyle, Leslie Adler Organizations: REUTERS, San Marcos University, Thomson Locations: Lima, Lima , Peru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina has somewhat resumed its path of economic transformation, economist saysMarcos Troyjo, transformational leadership fellow at the University of Oxford and former deputy economy minister of Brazil, says China will have more of an "epicentric" role.
Persons: Marcos Troyjo Organizations: China, University of Oxford Locations: Brazil, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWildfire losses to compound insurer’s concerns, DBRS Morningstar analyst saysMarcos Alvarez, global head of insurance at DBRS Morningstar, discusses the wildfire smoke blanketing the U.S. east coast as a result of Canadian wildfires and the ramifications for the insurance market.
Persons: DBRS Morningstar, Marcos Alvarez Organizations: DBRS Locations: U.S
Moments later, its crew are marched away with their hands on their heads, concluding a simulation of a counter-terrorism operation in the South China Sea between the coast guards of the Philippines, and allies the United States and Japan. Tuesday's manoeuvre is part of an inaugural trilateral coast guard exercise between the three countries, coming at a time of growing unease over China's maritime conduct in the region. The drill was a mock interception of a vessel carrying weapons of mass destruction, where Philippines coast guard personnel encounter armed resistance while boarding the vessel and are tasked with bringing the situation under control. "All the exercises we do, we help one another to prepare for anything that may possibly happen in the future," said John Ybanez, a spokesperson for the Philippine coast guard. The exercises in waters off Bataan province involve more than 500 coast guard personnel and also include search and rescue and counter-piracy scenarios.
Persons: BRP Melchora Aquino, John Ybanez, China's militarisation, Ferdinand Marcos Jr, Rodrigo Duterte, Adrian Portugal, Martin Petty, Mark Potter Organizations: Philippine Coast Guard, BRP, Thomson Locations: Philippines, Japan, U.S, Bataan, BATAAN, Philippine, South China, United States, China
Milton da Costa Junior nosed his pickup through a remote stretch of the western Brazilian Amazon to check on his babies. Local authorities said the September 2021 incident, which Da Costa outlined in a police report that was reviewed by Reuters, is being investigated. Out of dozens of reforestation initiatives in the country, Rioterra and The Black Jaguar Foundation, a Brazilian-European group, are among the largest. Illegal invaders destroy in hours what it takes Rioterra or Black Jaguar a year to plant. In all, Black Jaguar has signed contracts with 26 farms and planted 326 hectares (806 acres) to date.
Persons: Milton da Costa, Da Costa, Carlos Nobre, Alexis Bastos, Rioterra, , Nobre, , Bastos, Jamari, Dejesus Aparecido Ramos, it’s, ” Bastos, Jair Bolsonaro, Germany –, Bolsonaro, Luiz Inácio Lula da Silva, Black, Ben Valks, Valks, Leandro Silveira, Silveira, São, ” Valks, aren’t, Cristina Banks, Leite, Marcos Mariani, Araguaia, Mariani, Tânia Irres, ” Irres, Regina Molke, I’ll, Clovis, Black Jaguar, Aquaverde, Renato Franklin, “ Ben, ” Franklin, L’Oreal, da Costa, ” Da Costa, da, Spring, Clare Trainor, Catherine Tai, Lais Morais, Ilan Rubens, Lucy Ha, John Emerson, Marla Dickerson Organizations: Milton da Costa Junior, Toyota, Reuters, Black Jaguar Foundation, National Institute for Space Research, Rioterra, Cultural, Environmental Studies, Petrobras, , Amazon Fund, Environment Ministry, United, United Arab Emirates, São Paulo, Global, Farmers, Brazil’s Central Bank, Brazil’s National Institute for Space Research, Imperial College London, Santana, Bolsonaro, United Nations, Space Agency, Copernicus, Sentinel Locations: Machadinho, Rondônia, Brazil, Germany, Brazilian, European, Manhattan, Lebanon, Nicaragua, Bastos, Porto Velho, droves, Rio, Black, Itapuã, Oeste, Norway, United Arab, Pará, Caixa, , Costa, Syria, Paris, Santana, Araguaia’s, Clovis, Regina, United States, South, Geneva, Rio Preto, da Costa
Marcos del Mazo/LightRocket/Getty ImagesAfter a couple of years of reduced air travel in the wake of the pandemic, travelers returned to the air in 2022 to significant airline chaos – canceled flights, lost luggage and overstretched staff. And interestingly, while Air New Zealand came out on top for 2023, Thomas said the results were close among the top five. Singapore Airlines took the fifth spot on AirlineRatings.com's 2023 list and also won the Best First Class award. Johannes P. Christo/Anadolu Agency/Getty ImagesAbu Dhabi’s Etihad Airways is number 3 on AirlineRatings.com’s 2023 list. Singapore Airlines, named top in the Best First Class award and the Excellence in Long Haul Travel - Southeast Asia award, took fifth place overall.
Persons: AirlineRatings.com, , ” Geoffrey Thomas, ” AirlineRatings.com, Marcos del Mazo, Thomas, Johannes P Organizations: CNN, Air, Zealand, CNN Travel, Zealand’s, Qatar Airways, Air New Zealand, Business, Catering, Long, Singapore Airlines, Christo, Anadolu Agency, Abu Dhabi’s Etihad Airways, Korean, North, ” Air, New, Civil Aviation Authority, Auckland International Airport, Etihad Airways, Qantas, Virgin, Cathay Pacific Airways, Emirates, Lufthansa, SAS, TAP, All Nippon Airways, Delta Air, Air Canada, British Airways, Jet, JAL, Vietnam Airlines, Turkish Airlines, KLM, . Alaska Airlines, United Airlines Locations: Australia, North Asia, Asia, Zealand, Auckland, AirlineRatings.com’s, Virgin Australia, Swiss, TAP Portugal
MANILA, May 29 (Reuters) - The coast guard of the United States, Japan and the Philippines will hold trilateral maritime exercise in the South China Sea this week, the first such manoeuvres between them as a time of growing concern about China's moves in the region. The June 1 to 7 exercise in waters off Bataan province was as initiative of the United States and Japan, while Australia would join as an observer, said Philippine coast guard spokesman Armand Balilo said on Monday. Four Philippine vessels and one each from the United States and Japan will participate in exercises designed to improve search and rescue collaboration and law enforcement, Balilo said. "This is a usual routine activity among coast guard agencies," Balilo told a press conference. China maintains the actions of its coast guard are legal and in its waters.
Vietnam aims to cut its rice exports to 4 million tons a year by 2030, the government said in a document detailing its rice export strategy, down from 7.1 million tons last year. Rice export revenue will fall to $2.62 billion a year by 2030, down from $3.45 billion in 2022, the document said. Vietnam will diversify its rice export markets to reduce its reliance on any country, the government document said. "I doubt the strategy will materialize, as rice production depends on supply and demand, not on a government decision," another rice trader in the Mekong Delta province of An Giang said. Rice exports from Vietnam in the first four months of this year rose 40.7% from a year earlier to 2.9 million tonnes, according to government customs data.
Man United beat Bournemouth to close on Champions League
  + stars: | 2023-05-20 | by ( ) www.reuters.com   time to read: +3 min
[1/4] Soccer Football - Premier League - AFC Bournemouth v Manchester United - Vitality Stadium, Bournemouth, Britain - May 20, 2023 Manchester United's Casemiro and teammates celebrate after the match... Read moreBOURNEMOUTH, England, May 20 (Reuters) - Midfielder Casemiro scored a brilliant acrobatic volley to give Manchester United a 1-0 Premier League win at Bournemouth on Saturday that took them closer to Champions League football next season. Fifth-placed Liverpool, who are on 66 points after a 1-1 draw against Aston Villa, face relegated Southampton on the final day. It is not easy scoring goals," United manager Erik ten Hag told the BBC. As Manchester United's game was ending, Liverpool were a goal down to Aston Villa and a defeat there would have guaranteed United's qualification for the Champions League. But even though Roberto Firmino equalised for Liverpool, Ten Hag said he was not interested in that result.
But the enforcement has been chaotic, sporadic and, in the words of a former top Mexican official, “inefficient.”Tonatiuh Guillén was commissioner of Mexico’s National Migration Institute until 2019. Luis Barron/Eyepix Group/NurPhoto/AP“Mexico became a control territory, [a place of] a severe migration policy, detentions, deterrence, and expulsions. ‘This is not about doing the United States’ dirty work’Mexican President Obrador denies Mexico is doing the US’s bidding when it comes to migration. Two months later, another 47 migrants were found alive crammed inside a truck in Matehuala (San Luis Potosí state), Mexico. Viangly, a Venezuelan migrant, reacts outside an ambulance while firefighters remove injured migrants, mostly Venezuelans, from a National Migration Institute building during a fire in Ciudad Juarez on March 27, 2023.
The Spaniards will bid for a record-extending seventh Europa League title when they face AS Roma in the final in Budapest on May 31, after Jose Mourinho’s side drew 0-0 at Bayer Leverkusen to secure a 1-0 aggregate victory in their semi-final. But midfielder Suso levelled six minutes later with a stunning long-range strike to take the game into extra time. It was a cathartic night at Seville as the Europa League kings worked their magic yet again in their favourite competition after a difficult season. "This is madness, incredible, it's time to enjoy this amazing moment," Sevilla captain Jesus Navas told Movistar Plus. "The courage of the fans has carried us and we are here again in another European final.
Claire Chase Is Changing How People Think of the Flute
  + stars: | 2023-05-16 | by ( Joshua Barone | ) www.nytimes.com   time to read: +1 min
Something unusual happens when people speak about the flutist Claire Chase. They use superlatives that would seem reckless if they weren’t repeated so often. “It’s so difficult to talk about Claire,” the composer Marcos Balter said. “She’s so much more than a virtuoso flutist or a pedagogue. Earlier in May, she played Kaija Saariaho’s concerto “L’Aile du Songe” with the Helsinki Philharmonic Orchestra at Carnegie Hall.
WASHINGTON, May 16 (Reuters) - The speaker of Taiwan's parliament praised Japan, South Korea and the Philippines on Tuesday for helping to create a "crescent of defense" with Taiwan and the U.S. against China's ambitions in the Indo-Pacific region. You praised Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol for calling Taiwan a global issue and opposing a change to the status quo by force. "The crescent of defense formed by Korea, Japan, Taiwan and the Philippines will, with American support, be a key stabilizer of peace and security in the Indo-Pacific region," he added. China has been stepping up its military activities around Taiwan to try and force the democratically governed island to accept Beijing's sovereignty. It has never renounced the use of force to bring Taiwan under its control.
MANILA, May 14 (Reuters) - The Philippines has placed navigational buoys within its exclusive economic zone (EEZ) to assert sovereignty over the disputed Spratly islands in the South China Sea, a coast guard spokesperson said on Sunday. The step comes amid China's increasingly aggressive actions in the South China Sea as Philippines President Ferdinand Marcos Jr pursues warmer ties with treaty ally the United States. In May 2022, the coast guard installed five navigational buoys on four islands in the Spratlys. China's claim of sovereignty over almost the entire South China Sea was invalidated by an international arbitration ruling in 2016. Beijing has for years deployed hundreds of coast guard and fishing vessels in disputed areas.
MANILA, May 8 (Reuters) - Joint patrols between the Philippines and the United States in the South China Sea may begin later this year, a top diplomat said on Monday, just days after Washington clarified its commitment to defend Manila from an attack at sea. Discussions were continuing on the joint maritime patrols, which were announced in February, said Philippine ambassador to the United States, Jose Manuel Romualdez. U.S. Defense Secretary Lloyd Austin announced in February he and his Philippine counterpart, Carlito Galvez, have agreed to restart joint maritime patrols in the South China Sea, which former President Rodrigo Duterte, who sought warmer ties with China, had suspended after he took office in 2016. But Philippine Defense Secretary Galvez told reporters on Monday there were no formal discussions on the joint patrols with the United States and Australia. China claims most of the South China Sea, through which more than $3 trillion of world trade is shipped every year.
May 8 (Reuters) - River Plate's Agustin Palavecino and Boca Juniors' Marcos Rojo and Luis Vazquez are under investigation by Buenos Aires prosecutors, Argentine media reported, following a fiery brawl that led to seven red cards in River's 1-0 win in the Argentine derby on Sunday. River Plate president Jorge Brito said he did not like the way the match ended despite their victory, and that both teams made mistakes that triggered the brawl. Under Argentine law, Rojo could be sanctioned with one to five days of community service or a fine of 200 to 2000 Argentine pesos ($0.87 to $8.79). Palavecino and Vazquez could face fines of 10,000 to 50,000 Argentine pesos or five to 30 days' detention. ($1 = 227.6000 Argentine pesos)Reporting by Janina Nuno Rios in Mexico City Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Prince Albert of Monaco said in an interview with People magazine that he and his wife, Charlene, would be attending. King Felipe VI of Spain, who ascended to the throne in 2014 after his father’s abdication, will attend, according to the Spanish news media. Crown Prince Fumihito of Japan and Crown Princess Kiko, on behalf of Emperor Naruhito and Empress Masako, will attend, according to the Japanese news media. Credit... Clodagh Kilcoyne/ReutersSeveral members of Britain’s government will attend, as will about 100 heads of state from around the world, according to Buckingham Palace. British RoyalsImage Prince Harry, center, will be present at the coronation, though his wife, Meghan, and their children, will remain in California.
Chinese troops to hold rare joint military exercise in Laos
  + stars: | 2023-05-05 | by ( ) www.reuters.com   time to read: +2 min
BEIJING, May 5 (Reuters) - China will hold a rare joint military exercise with its landlocked neighbour Laos this month as Beijing tries to bolster security ties with regional allies to counter an expanding U.S. presence in Southeast Asia. Southern Theater Command, one of the five theatre commands of the People's Liberation Army, will send troops to Laos for the "Friendship Shield 2023" joint exercise, the Chinese defence ministry said on Friday in a brief statement. The drill marks a step up from previous "Peace Train" joint humanitarian medical rescue exercises between Chinese and Laotian militaries in Laos. China's stronger military ties with its Southeast Asian allies coincide with Beijing's diplomatic push to deepen engagement with its southerly neighbours. In November, Chinese President Xi Jinping told Laotian President Thongloun Sisoulith on a visit to Beijing that the two countries must ensure efforts to "build a shared future between China and Laos."
WASHINGTON, May 4 (Reuters) - Philippines President Ferdinand Marcos Jr dismissed criticism during an interview on Thursday that his presidential campaign played down the corruption and extravagance the Marcos family was known for during his father's rule. Marcos told Reuters at the end of a four-day visit to Washington that his country's citizens could not continue to fight decades-old social battles. During his campaign, critics said Marcos' presidential bid tried to whitewash the corruption and authoritarianism associated with his father's 20-year rule. The Marcos family denies wrongdoing. Marcos' Washington visit has been the first by a Philippine president in more than 10 years and included a summit on Monday with U.S. President Joe Biden.
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