Sixty-six months to go to complete Horizon 3 and the backlog of Horizons 1 and 2 of the Armed Forces of the Philippines’ modernization. Fifty-six months to go for the centenary of the People’s Liberation Army . What lies in store for the Philippines within that period of time in terms of human and ecological security, the economy, defense, and diplomacy?
China is tightening the screws with its anti-access, area denial gray zone tactics. Its presence is now being felt in the South Pacific. Its war machines routinely penetrate Taiwan’s air and sea borders. Swarms of its Maritime Militia, backed by its Coast Guard and Navy, increasingly intrude, intimidate, and snatch sovereign entitlements elsewhere in the region. They play “chicken” in the air and at sea to test America’s strategic resolve and patience.
The latest US security review sees the People’s Republic of China as harboring the intent and, increasingly, the capacity to reshape the international order and tilt the global playing field to its benefit. The US, on its end, affirms its commitment to “responsibly manage its long-term competition with China” while reaching out to nations who share its core belief that the rules-based order must be the basis for global peace and prosperity.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UnionBank's stock rights offer at P56.88 per share - BusinessWorld OnlineSpotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their stories directly on the BusinessWorld Web site. For more information, send an email to onlinebworldonline.com. Join us on Viber to get more updates from BusinessWorld: https://bit.ly/3hv6bLA.
Source: bworldph - 🏆 9. / 68 Read more »
Peso rises to new six-month high vs dollar - BusinessWorld OnlineTHE PESO posted a fresh six-month high against the dollar on Monday as easing US inflation in December 2022 fanned hopes of smaller rate hikes from the US Federal Reserve as early as this month. The local currency closed at P54.575 versus the greenback on Monday, climbing by 31.50 centavos from Friday’s P54.89 finish, data […]
Source: bworldph - 🏆 9. / 68 Read more »
Cash remittances hit 6-month low - BusinessWorld OnlineMONEY SENT HOME by overseas Filipino workers (OFWs) in November grew by 5.7% to $2.644 billion, the lowest amount in six months, data from the Bangko Sentral ng Pilipinas (BSP) showed. READ:
Source: bworldph - 🏆 9. / 68 Read more »
Marcos orders 2-month buffer stock for sugar - BusinessWorld OnlineTHE GOVERNMENT will maintain a two-month buffer stock of sugar to contain price volatility in the commodity, Malacañang said in a statement on Monday, citing a briefing President Ferdinand R. Marcos, Jr. delivered en route to the Davos conference in Switzerland. “We will maintain from now on, in sugar, a two-month buffer stock,” Mr. Marcos […] Ngayon nyo lang naisip yan? Inutil talaga ang pekeng Presidente natin!
Source: bworldph - 🏆 9. / 68 Read more »
SEIPI sees slower growth this year - BusinessWorld OnlinePHILIPPINE electronics exports are expected to grow at a slightly slower pace this year amid weaker global demand, the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said. SEIPI President Danilo C. Lachica said the industry group is targeting 9% growth for Philippine electronics exports this year, slightly lower than the 10% growth […]
Source: bworldph - 🏆 9. / 68 Read more »
Metro Pacific rises amid talk of foreign investor’s entry - BusinessWorld OnlineMETRO Pacific Investments Corp. (MPIC) was among the most active stocks last week as investors reacted to speculations about the company agreeing to sell a substantial stake to a foreign investor. Data from the Philippine Stock Exchange (PSE) showed a total of 224.07 million MPIC shares worth P869.69 million were traded from Jan. 9 to […]
Source: bworldph - 🏆 9. / 68 Read more »