IT would be difficult to find in history a more colossal, unnecessary boo-boo than President Ferdinand Marcos Jr. congratulating, as his X post put it, 'President-elect Lai Ching-te on his election as Taiwan 's next president.'That has rankled China so much that a Chinese Embassy official remarked: 'This will have consequences.' He didn't elaborate, but sources in the diplomatic community agreed that a drastic response from China can be expected.
This is because Marcos' statement, whether he was aware of it or not, in effect violated the so-called One-China policy that the People's Republic of China has managed since the 1970s to get almost all countries of the world, including the Philippines, to adhere to.Among the world's 180 heads of state, it was only Marcos who issued such a statement. While the United States, the United Kingdom, Singapore and a handful of countries did congratulate Lai, it was done only at the level of their foreign ministries' heads or press statement
President Marcos China Taiwan One-China Policy Diplomatic Community
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President Marcos Signs P5.768-Trillion National Budget for 2024President Ferdinand "Bongbong" Marcos Jr. signed into law the P5.768-trillion national budget for 2024, which is 9.5% higher than this year's budget. The budget aims to fight poverty, combat illiteracy, produce food, end hunger, protect homes, secure borders, treat the sick, keep people healthy, create jobs, and fund livelihoods.
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President Marcos Appoints Directors for Maharlika Investment CorporationPresident Ferdinand “Bongbong” Marcos Jr. has appointed four business executives as directors of the Maharlika Investment Corporation (MIC). The newly appointed directors are Vicky Castillo Tan, Andrew Jerome Gan, German Lichauco, and Roman Felipe Reyes. Tan has extensive experience in banks and financial institutions, having worked for Citibank, AIG PhilAm Bank Inc., and Chinatrust (Phils) Commercial Bank Corporation. She also served in various roles at the Asian Development Bank and held positions in SteelAsia Manufacturing Inc. and Maybank Inc.
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President Marcos Appoints Frederick Go as Economic CzarPresident Ferdinand Marcos Jr. has appointed Frederick Go of the Gokongwei conglomerate as his economic czar or 'super secretary,' tasked to supervise all economic departments. This move is unprecedented and a first for any president. Go will also have to deal with the 'intrigues' thrown at him by officials who do not like the new setup.
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Source: gmanews - 🏆 11. / 68 Read more »