n his second State of the Nation address, Philippine President Ferdinand Marcos Jr proudly trumpeted the dawn of Bagong Pilipinas (New Philippines). ‘I have stated before that my confidence in our future was grounded in our world-class quality workforce’, he said. ‘I know that the state of the nation is sound and is improving. The New Philippines has arrived’. The …
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From sales to donations and even upgrades of older vessels, South Korea has taken the lead role in modernizing the Philippine Navy.
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In the Philippines, urban agriculture is slowly gaining ground but still has a minuscule contribution to overall crop production.
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Remittances to South Asia are projected to increase by 13.5 % to US$ 132 billion in 2018, a stronger pace than the 5.7 % growth seen in 2017. The upsurge is not only due to robust economic conditions in advanced economies, but the increase in oil prices increasing outflows from some GCC countries.
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While inter-state relations do matter, the political relations between Beijing and Manila do not solely shape the rise or fall of Chinese foreign direct investment.
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Japan is filling the vacuum created by the U.S.’s withdrawal from the region.
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As China grows increasingly able to weaponize its financial clout for security purposes, failure on the part of the US to craft a comprehensive economic response undermines the autonomy of Southeast Asian countries and diminishes US influence.
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Tensions are ratcheting up between China and the United States over maritime boundaries in Asia.
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