Former President Gloria Macapagal-Arroyo on Wednesday, June 9, predicted that China may soon “become the world’s largest economy”, saying that this is one major reason why a strong Philippines-China relations should be maintained. In her message during the online celebration of 46th Anniversary of
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+ June 09, 2021 IN THESE times of hardship, a good soul discovers the innate ability to become a philanthropist. It does not matter if a person helps feed a small family or a whole community, what matters is that he gives sincerely, feeling the pain of others, and actually cares enough about their needs.
No, this is not about traditional politicians who pose for the cameras for a photo opportunity with the hope of seeing their faces on papers the next day. A tradpol gives because he wants to be recognized. And more often, it’s not actually giving because some items were already given by private donations and a meaty chunk of what these gators in position should actually serve to their constituents has already been diverted to where the public could not notice. These political crocs are not worthy to be compared to people who really express philanthropy. An American journalist Gamaliel Bailey once wrote that “never respect men merely for their riches, but
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China, EU to keep strengthening ties in financial services sector
China and the European Union have consistently strengthened their relationship across the financial services sector since the 2008-09 global financial crisis, according to a new study, and experts believe this trend will continue to accelerate in the post-pandemic era, despite the political strains between the two powerhouses.
A joint study conducted by the Luxembourg for Finance center and PwC Luxembourg found that Chinese investment in Europe escalated from 6.1 billion euros ($7.42 billion) in 2010 to 79 billion euros in 2018, with financial services representing the second-largest investment sector.
The volume of European Union foreign direct investment in China still far exceeds China’s investment in Europe, growing at a compound annual growth rate of 6.7 percent since 2002, reaching 189.4 billion euros in 2018, with a notable increase in the EU’s FDI in China’s financial and insurance sector, according to