The geopolitical landscape is constantly shifting and with every movement, the world feels the tensions as countries balance their actions and reactions to mitigate the risks and/or take advantage of opportunities. Factors such as international crises, environmental and climate stress, economic conditions or changing alliances can trigger geopolitical shifts and the resulting dynamics, risk resilience and the agility of the government to quickly adapt will be critical determinants of success or failure. ...
MANILA -A member unit of the global network of multinational professional services firm Ernst and Young (EY) has opened a new office in the Philippines, expanding its footprint here with a second branch located in Cebu City. Global Delivery Services (EY-GDS) said the opening of its Cebu center last Oct. 11 represented a significant scaling up of operations in the Philippines, starting with 25 individuals in 2015 and which has since grown to over 5,000 this year. “The Philippines is a vital component of our growth strategy, and we are delighte ...
MANILA, Philippines — The World Bank (WB) has retained its 5.8-percent economic growth forecast for the Philippines this year, short of the government’s target rate amid a number of downside risks both foreign and domestic. In the June 2024 edition of the World Bank’s Philippines Economic Update Report, the multilateral lender said it projects the Philippines’ gross domestic product (GDP), or the sum of all goods and services produced within the country, will grow by 5.8 in 2024. ...
Given the sad state of the country’s military and police forces in terms of equipment and weaponry, the average man on the street can probably be forgiven for not knowing that world-class small arms manufacturer actually exists in the Philippines. But “world class” is exactly what the country has in the form of the Arms Corporation of the Philippines, or more popularly known among gun enthusiasts around the globe as “Armscor.” · “Our products are sold in 60 countries now,” says Armscor chair Demetrio “Bolo” Tuason, detailing ...
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ISTANBUL, Turkey -The accord allowing for Ukrainian grain to be exported via the Black Sea, crucial in easing a global food crisis sparked by the Russian invasion, has been the subject of grueling talks to get Moscow to agree to its renewal. Set to expire late Monday, the deal brokered by the United Nations and Turkey, signed by Moscow and Kyiv in July 2022, established a protected sea corridor allowing Ukraine’s agricultural goods to reach global markets. On July 4, Russia warned that it saw “no grounds” to extend the current deal, criti ...
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The U.S. expanded the restriction of exports of sophisticated Nvidia and Advanced Micro Devices artificial-intelligence chips beyond China to other regions including some countries in the Middle East. Nvidia said in a regulatory filing this week that the curbs, which affect its A100 and H100 chips designed to speed up machine-learning tasks, would not have an “immediate material impact” on its results. Rival AMD also received an informed letter with similar restrictions, a person familiar with the matter told Reuters, adding that the move h ...