DIRS.INFO The most relevant business & tech news

☆ Philippines top court voids old South China Sea energy deal
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

Companies Philippines Oil FollowMANILA, Jan 10 (Reuters) - The Supreme Court in the Philippines on Tuesday declared the country's 2005 energy exploration agreement with Chinese and Vietnamese firms was illegal, ruling the constitution does not allow foreign entities to exploit natural resources. The decision, on an agreement that expired in 2008, could complicate efforts by China to revive oil and gas exploration talks with the Philippines in areas of the South China Sea that are not in dispute. China and the Philippines have sparred for decades over sovereignty and natural resources in the South China Sea, which led to a landmark arbitration case in 2016 won by Manila. Efforts to find a legally viable way to work together on energy exploration have repeatedly hit walls. China claims jurisdiction over almost the entire South China Sea and the risk of energy activities being disrupted have made it tricky for the Philippines to find foreign partners, despite an arbitration court clarifying what Manila's entitlements were.

☆ Philippines: Onions so expensive they're being smuggled into the country
▼ + stars: | 2023-01-10 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +4 min

The price surge comes after a spate of super typhoons hit the Philippines last year, damaging tens of billions of pesos worth of crops. Ombudsman Samuel Martires was quoted this week by CNN affiliate CNN Philippines as saying he was looking into the possibility of price manipulation. Smuggling onionsOnions have become such a hot commodity that they’re being smuggled into the country. Two days earlier, $364,000 worth of red onions from China found hidden in pastry boxes were also seized by Customs. President Ferdinand Marcos Jr. said he hoped to find a way to sell the smuggled onions to “reduce the supply problems” the country was facing.

☆ Philippines' Marcos picks ex-military chief and COVID tsar as defence minister
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] President of the Philippines Ferdinand "Bongbong" Marcos Jr. attends a news conference after the European Union (EU) and the Association of South-East Asian Nations (ASEAN) commemorative summit in Brussels, Belgium December 14, 2022. REUTERS/Johanna GeronMANILA, Jan 9 (Reuters) - Philippine President Ferdinand Marcos Jr has chosen a former military chief who led the country's fight against the coronavirus as his new defense minister, his office said on Monday. He replaces Jose Faustino, whose resignation as acting defence chief was announced by the president's office, without providing a reason. Galvez, who served as armed forces chief in 2018, will be responsible for protecting the Philippines maritime territory and its exclusive economic zone, amid tension with China over the prolonged presence in the South China Sea of fishing boats believed to be manned by militia. Reporting by Karen Lema; Editing by Martin PettyOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico nabs son of drug lord 'El Chapo' before Biden visit
▼ + stars: | 2023-01-05 | by ( ) www.cnbc.com time to read: +7 min

Defense Secretary Luis Cresencio Sandoval said Army and National Guard personnel had captured a son of "El Chapo." Ovidio Guzmán, nicknamed "the Mouse," had not been one of El Chapo's better-known sons until an aborted operation to capture him three years ago. "This is a significant blow to the Sinaloa cartel and major victory for the rule of law. A burning truck is seen across a street during an operation to arrest the son of Joaquin "El Chapo" Guzman, Ovidio Guzman, in Culiacan, Sinaloa state, Mexico, on January 5, 2023. Marcos Vizcarra | AFP | Getty ImagesVigil said that Ovidio Guzmán was involved in all of the cartel's activities, especially the production of fentanyl.

☆ China, Philippines agree to handle disputes 'peacefully', boost cooperation
▼ + stars: | 2023-01-05 | by ( Yew Lun Tian | ) www.reuters.com time to read: +3 min

BEIJING, Jan 5 (Reuters) - China and the Philippines said in a joint statement on Thursday they have agreed to set up a direct communications channel between their foreign ministries on the South China Sea to handle disputes peacefully. The Philippines has previously raised concerns over reported Chinese construction activities and the "swarming" of Beijing's vessels in disputed waters of the South China Sea, an area rich in oil, gas and fishery resources. Both sides also agreed to resume talks on oil and gas exploration in the South China Sea and discuss cooperation on areas including solar, wind, electric vehicles and nuclear power. Coastguards from China and the Philippines would also meet "as soon as possible" to discuss "pragmatic cooperation". Last November, when debris from a Chinese rocket fell in the South China Sea, a Chinese coastguard ship had stopped a Philippine boat from trying to tow it away.

☆ Philippines' Marcos says tells Xi intends to pursue independent foreign policy
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: 1 min

MANILA, Jan 5 (Reuters) - Philippine President Ferdinand Marcos Jr said on Thursday he had told his Chinese counterpart Xi Jinping that his administration intends to pursue an independent foreign policy. "I emphasised to President Xi how my administration intends to pursue an independent foreign policy, that we are more than willing to cooperate whenever possible in the pursuit of regional peace and our two countries' national interest," he said in an arrival speech in Manila following a trip to Beijing. Reporting by Neil Jerome Morales Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

[1/3] Philippines' President Ferdinand "Bongbong" Marcos Jr. and First Lady Liza Araneta Marcos are photographed with China President Xi Jinping and his wife Peng Li Yuan during a welcoming ceremony at the Great Hall of the People in Beijing, China, January 4, 2023. Office of the Press Secretary/Handout via REUTERSSummary Philippines, China sign 14 bilateral dealsXi pledged solution on plight of Filipino fishers -MarcosChina promised cooperation, investmentBEIJING/MANILA Jan 4 (Reuters) - China is ready to resume oil and gas talks and manage maritime issues "cordially" with the Philippines, China President Xi Jinping said on Wednesday, according to Chinese state television. Xi was speaking to his Philippines counterpart Ferdinand Marcos Jr, who was on a three-day visit to Beijing. The Philippines had previously raised concerns over reported Chinese construction activities and the "swarming" of Beijing's vessels in disputed waters of the South China Sea. While the Philippines is a defence ally of the United States, under previous leader Rodrigo Duterte it set aside a territorial spat over the South China Sea in exchange for Chinese investment.

☆ Philippine minister accuses senior police of involvement in drugs trade
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +2 min

MANILA, Jan 4 (Reuters) - Efforts by Philippine authorities to crack down on drugs under President Ferdinand Marcos Jr are being hampered by the involvement of a few high-ranking police officials in the narcotics trade, the interior minister said on Wednesday. Let us start afresh," Abalos told a news conference. While only a few senior police officers were believed to have a role in the drugs trade, they held critical positions, Abalos said, without elaborating. Police have rejected allegations the killings were executions, saying the drug suspects violently resisted arrest and that authorities acted in self-defence. Since Marcos took office in June, authorities have conducted more than 24,000 sting operations, arrested around 30,000 people and killed around a dozen drug suspects, according to police data.

Speaking ahead of his flight, Marcos said he looked forward to meeting President Xi Jinping and that "the issues between our two countries are problems that do not belong between two friends such as the Philippines and China". Last week, a Philippine foreign ministry official said talks with Xi would include China's actions in the South China Sea. While the Philippines is a defence ally of the United States, under Duterte it set aside a territorial spat over the South China Sea in exchange for Chinese investment. Beijing claims much of the South China Sea, where about $3 trillion in ship-borne trade passes annually, with the area becoming a flashpoint for Chinese and U.S. tensions around naval operations. But while De Castro expects the South China Sea issue to be brought up, he does not expect Beijing to alter its position.

☆ Early exits for Rune, Auger-Aliassime in Adelaide
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

The 23-year-old Australian fired 11 aces against his second-seeded opponent to wrap up the biggest victory of his career. "I played really well, really solid. Denmark's Rune, who won three titles in 2022 including the Paris Masters, where the 19-year-old beat Novak Djokovic in the final, lost 2-6 6-4 6-4 to Nishioka. Miomir Kecmanovic overcame Australian Christopher O'Connell 6-4 6-4 and could play Daniil Medvedev in the second round if the third-seeded Russian gets past Italian Lorenzo Sonego on Tuesday. Also in action on the second day of the tournament are Djokovic, Denis Shapovalov, Jannik Sinner, Andy Murray and Karen Khachanov.

☆ Philippines floods, landslides kill 44 after Christmas Day rains
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +1 min

MANILA, Dec 30 (Reuters) - The death toll from flooding and landslides caused by Christmas Day rains in the southern Philippines rose to 44, with 28 others still unaccounted for, the national disaster agency said on Friday. Damage to infrastructure and crops has been estimated at 1.36 billion pesos ($24.4 million), it said in a bulletin. Heavy rains submerged villages, towns and highways in the Visayas and Mindanao regions on Christmas Day, forcing more than 50,000 people to flee their homes. The floods had subsided but intermittent rains continued, the agency said. So we have to keep watching the other areas also," a presidential palace statement quoted him as saying.

☆ 6 climate wins from 2022 that are worth celebrating
▼ + stars: | 2022-12-30 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +8 min

Sweeping climate legislation passed, climate candidates won, and animals got important protections. Here are six of the year's highlights in climate progress, according to experts. But through it all, there was encouraging progress on climate that's worth celebrating. Peter B. de Menocal, president of the Woods Hole Oceanographic Institution, told Insider that the event featured the first-ever Ocean Pavilion. "I want to invite other Indigenous communities in Ecuador and the world to join these collective fights happening in Amazonia," Lucitante previously told Insider.

☆ Brazil's incoming finance chief Haddad names ministry officials
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Dec 22 (Reuters) - Brazil's incoming Finance Minister Fernando Haddad on Thursday announced a fresh batch of officials to lead the economic team of President-elect Luiz Inacio Lula da Silva's government. In a press conference, Haddad said Rogerio Ceron, his finance secretary when he himself served as Sao Paulo's mayor, would lead Brazil's Treasury. Ceron recently headed Sao Paulo Parcerias, a city government-linked agency involved in projects related to concessions, privatization and public-private partnerships. Haddad also confirmed Marcos Barbosa Pinto as the finance ministry's new secretary for economic reforms, Guilherme Mello as economic policy secretariat, and Robinson Barreirinhas as secretary of the federal revenue service. Haddad said the "quartet" he presented on Thursday would boost the finance ministry's efficiency and find solutions to the country's problems.

☆ We don't have 'too much solid evidence' that many companies left Hong Kong, CBRE says
▼ + stars: | 2022-12-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe don't have 'too much solid evidence' that many companies left Hong Kong, CBRE saysMarcos Chan of the real estate services and investment firm says the contraction in demand for office space in the city has largely been driven by economic factors rather than the "so-called story that companies are leaving Hong Kong [for] other countries."

☆ Philippines extends tariff cuts on imported rice, other food items to fight inflation
▼ + stars: | 2022-12-18 | by ( ) www.reuters.com time to read: +1 min

MANILA, Dec 18 (Reuters) - Philippine President Ferdinand Marcos Jr has approved the recommendation of the economic ministry to extend up to the end of next year lower tariff rates on rice and other food items to help combat inflation, his office said on Sunday. The modified rates approved in 2021 were due to expire at the end of this year, but an inflation rate running at 14-year highs warranted an extension of the tariff reprieve until Dec. 31, 2023. That means the tariff rate for imported rice will stay at 35%, while the import levies on corn and pork products will remain at 5%-15% and 15%-25% respectively, the press secretary's office said in a statement. At 8.0% in November, consumer price inflation is well beyond the Philippine central bank's target range of 2%-4% for this year and the medium term. "We are determined to steer the Philippine economy to meet the 6.0%-7.0% economic growth target for 2023," Balisacan said.

☆ Self-exiled Philippine communist leader Sison dies at 83
▼ + stars: | 2022-12-17 | by ( ) www.reuters.com time to read: +2 min

[1/4] Jose Maria Sison, founder of Philippine Communist Party, reacts after he was released from Scheveningen prison in the Netherlands September 13, 2007. REUTERS/Ronald FleurbaaijMANILA, Dec 17 (Reuters) - Philippine communist leader Jose Maria Sison died on Friday night at the age of 83 after a two-week confinement in a hospital in the Netherlands, his party said on Saturday. Sison is the founder of the Philippine Communist Party, whose military wing - the New People's Army (NPA) - has been waging an armed rebellion in one of the world's longest-running insurgencies. The self-exiled communist leader has lived in Europe since the late 1980s, after his release from jail following the fall of dictator Ferdinand Marcos, whose namesake son was elected president in a May election this year. The party said Sison died peacefully at around 8:40 p.m. (1240 GMT) on Friday after being confined in the hospital in Utrecht.

☆ Stopping the stars won't be enough to win World Cup
▼ + stars: | 2022-12-17 | by ( Mitch Phillips | ) www.reuters.com time to read: +5 min

DOHA, Dec 17 (Reuters) - Despite the high profile performances of Lionel Messi and Kylian Mbappe in Qatar, Argentina and France can create danger all over the pitch, so stopping the superstars is only one battle in Sunday's World Cup final war. England were quick to double-team Mbappe whenever he picked up the ball and Argentina, probably through Nahuel Molina and Rodrigo De Paul, will try to do the same. Tchouameni and Adrien Rabiot have both been excellent in Doha, with the latter expected to return after missing the semi-final through illness. As hundreds of opponents before them can attest, there is no real way to plan to keep him quiet. In general, the two attacks look stronger than the two defences, which, for the neutral at least, is always a good thing in a World Cup final.

Dec 16 (Reuters) - Argentina look set to keep Julian Alvarez in attack for Sunday's World Cup final against France after he scored twice in a devastating combination with Lionel Messi in the semi-final. He scored his first goal for the national side in the World Cup quarter-final against the Dutch, which Argentina won on penalties after a 2-2 draw. Leandro ParedesA defensive midfielder with Juventus, 28-year-old Paredes has featured in four of Argentina's World Cup games - infamously booting the ball at the Netherlands' bench in the quarter-final. Rodrigo De PaulThe tough 28-year-old Atletico de Madrid midfielder has been a stalwart in Scaloni's World Cup starting lineup, even playing through injury against the Dutch. The 35-year-old Paris St Germain forward is on a mission to lift his first World Cup at his fifth and final attempt and has been simply magnificent, scoring five goals while creating others with his dribbling and passing wizardry.

☆ Asia's year in review: Who had it good — and who had it bad — in 2022
▼ + stars: | 2022-12-15 | by ( Curtis Chin | Jose Collazo | ) www.cnbc.com time to read: +7 min

As the new year approaches, we turn again to our annual look at Asia's winners and losers. Government and business leaders in every major economy — China now included — may well hope 2023 is the year when draconian pandemic-related lockdowns become a matter of history. Underscoring the Taiwanese tech industry's critical role, a Semiconductor Industry Association (SIA)/Boston Consulting Group 2021 study found that 92% of the world's most advanced semiconductor manufacturing capacity is located in Taiwan. With numbers like those, Taiwan's semiconductor industry ends the year on the move, still building ties and winning growing support from business and government in the United States and elsewhere. Mixed Year: Asia's 'love' for cryptoAs in much of the world, investors in Asia — once bedazzled if not bewitched by the crypto industry — end the year in a mixed mood.

☆ Gun-loving Bolsonaristas challenge Lula's pledge to disarm Brazil
▼ + stars: | 2022-12-13 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +10 min

The president-elect has pledged to "disarm" an increasingly gun-toting country where personal firearms have become a symbol of Bolsonaro's conservative base. Reuters interviewed eight other people working on, or advising, Lula's transition team on bolstering gun controls once he takes office on Jan. 1. The priority will be to reimpose civilian prohibitions on certain high-caliber weapons, including the rifle used by Jefferson, the sources said. The political context is a sharp departure from Lula's 2003-2010 presidency, when he passed sweeping gun laws to combat violent crime. Last week, they charged him with four counts of attempted murder, resisting arrest, and weapons charges.

☆ Argentina have worked out where to hurt Croatia - Scaloni
▼ + stars: | 2022-12-12 | by ( Rohith Nair | ) www.reuters.com time to read: +3 min

AL RAYYAN, Qatar, Dec 12 (Reuters) - Argentina will trust their system when they face Croatia in the World Cup semi-finals and believe they have worked out how to hurt the 2018 runners-up, coach Lionel Scaloni said on Monday. I won't mention the key players or their strengths and weaknesses but we've analysed where we can hurt them. "He's a role model for so many of us - not just because of his talent but also his behaviour," Scaloni said. ARGENTINA CRITICISMScaloni was also asked about the criticism directed at Argentina after their players' "unsporting behaviour" following their shootout win over the Netherlands. "The previous game was played the way we had to play... that's football.

☆ Croatia stands in the way of Argentina's dream of a World Cup final spot
▼ + stars: | 2022-12-11 | by ( Karolos Grohmann | ) www.reuters.com time to read: +3 min

While their elimination of the five-time world champions was largely unexpected given Brazil's form, it was still a classic Croatian achievement. With a never-say-die attitude, even when the odds were stacked heavily against them, disciplined Croatia are now deservedly in their second straight World Cup semi-final, and underestimating them would come at Argentina's risk. The Argentines, looking for their first World Cup title since Diego Maradona's 1986 team, have their work cut out. The comparison with Maradona for the title of the greatest Argentine player of all time cannot be complete without a world title, which the late Maradona won almost single-handedly 36 years ago. Croatia came through two shootouts and extra-time to reach the 2018 final before losing to France and have gone to penalties in both their knockout stage matches in Qatar to boast a 4-0 perfect record.

☆ Morocco’s historic World Cup achievement hailed worldwide
▼ + stars: | 2022-12-11 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

The Moroccan flag was displayed in cities all around the world on Saturday, as fans celebrated the Atlas Lions’ historic 1-0 victory over Portugal. The qualification of the Atlas Lions for the semi-final of the 2022 world is that of all Africa. Libya’s Prime Minister Abdulhamid al-Dbeibah tweeted: “Congratulations to the Moroccan national team for their historic qualification to the World Cup semi-finals,” alongside an emoji of the Moroccan flag. “CONTINENTAL HISTORY!… What an achievement by the Atlas Lions,” the Confederation of African Football tweeted. !” in reference to her song used as during the 2010 World Cup, with a clapping emoji and a Moroccan flag.

☆ Maradona is watching us from above and pushing us, says Messi
▼ + stars: | 2022-12-10 | by ( Hritika Sharma | ) www.reuters.com time to read: +3 min

He is pushing us and I really hope this stays the same until the end," Messi told reporters. From the beginning it was a really tough match, we knew it would be this way. Argentina will take on Croatia for a place in the final, after the 2018 runners-up beat Brazil on penalties earlier. Argentina coach Lionel Scaloni said despite their second-half collapse, his team had no problem finding players willing to take penalties. This team had experience, pride, young players, and this is key, because we want to fight."

☆ How to earn more money and increase your income through side hustles, according to 5 early retirees and entrepreneurs who have done it
▼ + stars: | 2022-12-10 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Insider spoke with entrepreneurs and early retirees about the lucrative side hustles they started. Below, Insider rounded up various side-hustle ideas from entrepreneurs and early retirees who found ways to diversify their income. Shan Shan Fu started selling face masks on Amazon and turned it into a robust e-commerce businessShan Shan Fu sells socks and tights (including the ones pictured) online. Courtesy of Shan Shan FuWhen the Covid-19 pandemic sent the US under lockdown in the spring of 2020, Shan Shan Fu had a lot of free time after work. She launched her e-commerce company, Millennials In Motion, in April 2020 and immediately started making money.

Search resuls for: "Marcos"

25 mentions found