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By Andreo Calonzo (Bloomberg) The Philippines has protested China’s “dangerous maneuver” against its Coast Guard that patrolled and trained last month near a South China Sea shoal, with Manila’s top diplomat issuing expletive-laden remarks towards Beijing.
The Chinese Coast Guard shadowed, blocked, and issued radio challenges on Manila’s crew near Scarborough Shoal, the Philippines’ Department of Foreign Affairs said in a statement Monday announcing that it has protested China’s actions. China’s claim over the shoal that’s 124 nautical miles from the Philippines “is without basis” and Beijing has “no law enforcement rights in these areas,” it said.
March 11, 2021 We are almost nearing the end of the first quarter and it’s time to assess how we fared as a business under an economy considered as one of Asia’s worst hit by the pandemic. According to a Bloomberg report penned by Ditas Lopez and Cecilia Yap, our economy “contracted more than economists expected in the fourth quarter, capping its worst year on record, as private consumption remained anemic even as more businesses reopened from lockdowns. For all of 2020, gross domestic product plunged 9.5 percent, the largest drop in government data going back to 1946.”
It is apparent that most family-owned businesses are taking a beating as a result of the current crisis. Since Covid-19 went into a rampage, many family firms belonging to industries like hospitality, travel, airline, automotive and non-food retail segments were severely paralyzed. From an initial shock to survival and now moving to the recovery phase, these firms must deal with short-term pres
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(Bloomberg) The U.K. government will take a “cautious” approach to easing lockdown, with restrictions lifted every few weeks to judge the impact, despite a significant acceleration of its vaccination program, a senior minister said.
The Pfizer Inc. and BioNTech SE Covid-19 vaccine appeared to stop the vast majority of recipients in Israel becoming infected, providing the first real-world indication that the immunization will curb transmission of the coronavirus.
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