Letters From DavaoBy Jun Ledesma What is Speaker Alan Cayetano up to? Until he shook his own house by removing a strong pillar closely identified with Pres. Rodrigo R. Duterte, there is neither a storm or tsunami that could shake the foundation of the lower house.
Points of View & Perspectives
After nearly two months since the outbreak of the Corona Virus Disease 2019 (COVID-19) – WHO’s new name for the nCoV – speed of global spread is starting to slow down but not enough for governments to let their guard down.
Italy made many headlines ahead of the coming EU election due to the League Party, but even after the election, the headlines continue- due to the economy.
China’s Deputy Prime Minister Liu He travelled to Washington D.C. on Wednesday, the 8th of May, with the desire to continue the negotiations on the American-Chinese trade war.
The output from several large oil-producing countries have either dropped or are at risk to decrease, which of course cause some pressure in the oil market.
The GDP growth in the Eurozone is dropping like a stone, therefore, the ECB will soon come-up with several monetary measures to help growth, but investors must believe that the medicine works.
It was announced that new factory orders in Germany dropped 4.2 pct. in February compared to January. It sounds like a pretty serious downward move, and it is, especially because economists initially expected a small increase of +0.3 pct. It has to be said, that it’s a month-on-month comparison which makes the swings more volatile, which is often the case …
In mid-February, China’s government announced the plan for the Greater Bay Area where Hong Kong also is included.
China is more exciting than usual these days. The party congress has approved a range of new stimulus initiatives that should prevent the GDP growth from dropping too much. Really interesting is the VAT and tax relief for corporations, where the financial market initially expected a total relief of around 1,400 billion yuan, but will turn out to be as …
It has been an ongoing discussion since last August as to when the US economy will enter a recession, though it seems it will take something big to knockout the world’s largest economy.