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Mexico stands to be the greatest beneficiary as the trade war between the United States and China escalates. It is well on its way to becoming one of the ten largest economies in the world. As a brother-country once tied at the hip, the Philippines proudly watches from the sidelines as Mexico rallies to high income status.
We have a pretty quiet week on the schedule which is great because I feel like there’s a ton of political news flying around (both here and in the US) that I simply cannot avoid following at the moment.> PH: The only thing on the schedule is the end of the Petron preferred shares offer period on Friday.> International: I’m going to be paying mild interest to the soundbites coming out of the US relating to the upcoming interest rate decision next week, including the reactions to the jobless claims report that will come out on Thursday/Friday, and the reactions to whatever the European Central Bank decides to do with its rates on Friday morning.MB BOTTOM-LINE: The US election in November could have serious consequences for the Philippine economy. The Duterte administration fully failed to capitalize on the geopolitical chaos that we experienced during Trump’s presidency, particularly with respect to the trade war Trump initiated with China and all of the knock-on circumvention opportunities that our neighbors (especially Vietnam) managed to both secure and leverage into long-lasting gains. Instead of trying to lock down the unprecedented shift in manufacturing away from China, Duterte’s government was focused on building its shady POGO legacy and spending all of its political capital catfighting with oligarchs. While a second Trump presidency is not currently the most likely outcome, November is a long way away. From everything I’ve seen and heard, Trump doesn’t seem prepared to be any less chaotic should he find a way to win a second term. If he beats the odds and is sworn in as president in 2025, will the Marcos Administration learn from Duterte’s mistakes, or will we once again fail to create lasting value in the resulting chaos?
HONG KONG, China — Asian markets rose Tuesday, building on a tech-led surge in Wall Street equities as investors returned to the sector after last week's losses, while attention turned to the upcoming release of key US inflation data.
MUMBAI, India — Lavish wedding celebrations for the son of Asia's richest man resumed Saturday with a star-studded guest list including Hollywood celebrities, global business leaders and Indian Prime Minister Narendra Modi.
MUMBAI, India — Socialite sisters Kim and Khloe Kardashian were among the global celebrities spotted in India on Friday to attend a lavish three-day wedding ceremony staged by Asia's richest man, Mukesh Ambani.
MUMBAI, India — Canadian pop star Justin Bieber entertained some of India's biggest celebrities in the latest installment of months-long wedding celebrations thrown for the son of Asia's richest man Mukesh Ambani.
NEW YORK — Donald Trump on Thursday became the first former US president ever convicted of a crime after a New York jury found him guilty on all charges in his hush money case, months before an election that could see him yet return to the White House.
DONALD Trump’s big primary victory on Saturday over Nikki Haley in her home state of South Carolina was the result of a ruthless and methodical campaign to eliminate her as a threat, according to aides and people close to both campaigns.
The 2024 Republican presidential primary field has narrowed, with Doug Burgum dropping out of the race.