Tag: foreign direct investment

The 4 Key Strengths of China’s Economy — and What They Mean for Multinational Companies

Tina Marie (Ms. Cat)

China’s hybrid “state capitalist” system, driven by centralized planning and fierce competition, has led to dominance in critical technological fields and emerging markets. Western multinational corporations are advised to adopt a pragmatic approach to capitalize on four key strengths of China’s economy: its innovation ecosystem, its investment in the Global South, its ultra-competitive markets, and its vast consumer base. Those who fail to engage risk losing global revenue and strategic opportunities.

The 4 Key Strengths of China’s Economy — and What They Mean for Multinational Companies

The 20th CPCCC 3rd Plenum: Meaning for PH

Tina Marie (Ms. Cat)

There are two lessons for Filipinos and the Philippines from the Third Plenum of the 20th CPC Central Committee, the first is how serious national econ-political-social is properly done. This includes the requisite political system that guarantees its effectiveness and success.

The 20th CPCCC 3rd Plenum: Meaning for PH

Related:

Communique of the Third Plenary Session of the 20th Central Committee of the Communist Party of China

Philippines’ Congress to prioritize EPIRA changes as Senate junks ‘Cha-cha’

Tina Marie (Ms. Cat)

Congress to prioritize EPIRA changes as Senate junks ‘Cha-cha’

THE PHILIPPINE Senate would put proposals to change the 1987 Constitution on the back burner and would instead focus on measures to boost the military amid growing tensions with China, according to the Senate president.

The chamber would also pass bills that seek to boost healthcare and jobs while easing hunger, Senate President Francis “Chiz” G. Escudero said in a speech as Congress resumed sessions on Monday.

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At the weekend, he said they would tackle a proposal to amend the Electric Power Industry Reform Act (EPIRA) amid blackouts.

The Senate will also push changes to the Corporate Recovery and Tax Incentives for Enterprises (CREATE), particularly lower taxes on domestic and foreign companies.

Mr. Escudero said Congress should go beyond laws that only benefit big business, and find solutions to problems with healthcare, joblessness and poverty.

“We will take peaceful measures to defend our people’s right to sail in our seas and fish in our waters, as what our ancestors had done, and what our children and grandchildren shall do,” he added.

The Senate in December passed a bill that seeks to boost the country’s defense program through investments in local defense equipment manufacturing. The measure will give the Department of National Defense P1 billion in seed funding.

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Also on Monday, Speaker and Leyte Rep. Ferdinand Martin G. Romualdez said the House of Representatives would also seek changes to EPIRA.

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He said changes to EPIRA, which liberalized the power industry, would bring down electricity prices and ease inflation.

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It would now fast-track changes to EPIRA and a bill that seeks to extend the lease period for foreign investors. Other pending measures include amendments to the Agrarian Reform law and another that will modernize national defense.

“We have to continue building roads, highways, ports, school buildings and climate change-proof structures to maintain and expand economic growth,” Mr. Romualdez said. “I emphasize our commitment to pass the remaining priority bills before the end of the third regular session.”

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Jose Enrique “Sonny” A. Africa, executive director of think tank IBON Foundation, said it is wrong to equate economic progress with growth given the increasing number of poor Filipino families.

“Most Filipinos haven’t become better off because of this growth,” he told BusinessWorld. “The number of self-rated poor families has soared by 3.4 million since the start of the Marcos administration from 12.6 million in June 2022 to 16 million in June 2024.”

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Kenya: Lives Sacrificed in Western Backed Colour Revolution + More

Tina Marie (Ms. Cat)

15-07-2024: The East African nation of Kenya was rocked by deadly protests mainly composed of youth during June, ostensibly in response to the Kenyan parliament’s Finance Bill 2024. By the end of the month around 30 protestors had lost their lives, despite forcing the government to withdraw the Bill, which contained some $2.7 billion in tax hikes.[1] The protests were mainly composed of “Gen Z” youth (those born during the late 90s and early 2000s) which gives the impression of young people fighting for their future. Kenya has a population of some 50 million, with 5 million inhabiting the capital Nairobi, and 4 million in the city of Mombasa on the shores of the Indian Ocean. Those aged between 15 and 29 make up roughly 30% of the population,[2] meaning such protests can draw in larger number than is generally the case in the ageing populations of the West. In the wake of the violence, Uasin Gishu Governor Jonathan Bii urged the Gen Z protestors to give dialogue with President William Ruto a chance. Despite goons and looters infiltrating the protests and causing mayhem, Bii conceded that the protestors have genuine issues that need to be addressed.[3]

Kenya: Lives Sacrificed in Western Backed Colour Revolution

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Washington Escalates Pressure Against Venezuela on the Essequibo Front

Tina Marie (Ms. Cat)

After the signing of the Argyle Declaration between Venezuela and Guyana on December 14, 2023, many events have occurred. Instead of reducing tensions as the agreement signed in Saint Vincent and the Grenadines had intended, it seems that tensions have been rising steadily and silently.

Washington Escalates Pressure Against Venezuela on the Essequibo Front

Related:

Government and corporate funded CSIS: The Essequibo Pressure Cooker

2020 Guyanese Election & Venezuela-Guyana Border Dispute

Cuba, Nicaragua, and Venezuela will be targeted again for regime change by the CIA front, NED.

For a Just and Multipolar World Order: Russia and China Strengthen Alliance

Tina Marie (Ms. Cat)

The president of Russia, Vladimir Putin, has arrived in China on his first official visit abroad after his recent inauguration. He was received by his Chinese counterpart, President Xi Jinping, with whom he held talks agreeing to deepen mutual political trust and contribute to global security and stability.

For a Just and Multipolar World Order: Russia and China Strengthen Alliance

Related:

Xi Agrees To Deepen China-Russia Military Ties, Brushing Off US Warnings