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Category: economy

US set to charge fees on Chinese ships in a bid to save shipyards

NEW YORK, United States – An escalating trade war between China and the United States faces another flashpoint Tuesday when Chinese ships will be required to start paying a special fee to dock at US ports. The move announced by the US Trade Representative (USTR) in April triggered reciprocal measures from Beijing, which will impose

PH to protest China’s attack on BFAR vessel

MANILA, Philippines — The Philippines will protest a China Coast Guard (CCG) ship’s attack on a fisheries vessel off Pag-asa Island on Sunday morning which the United States and European Union condemned as an “aggressive” and “dangerous” action. Nobody was injured when the CCG ship fired its water cannon then rammed and slightly damaged BRP

PNB Holdings bets on IT-BPM, lifestyle retailers

The real estate spinoff firm of Philippine National Bank (PNB) is pinning its hopes on the rapidly growing IT and business process management sector (IT-BPM) as well as lifestyle-oriented brands. This, in hopes of maintaining high occupancy in its properties and differentiating itself from its competitors. Joselito Consunji, COO of PNB Holdings Corp. (PHC), told

Ungrateful locals on Guernsey reveal they reasons they prefer French tourists to Brit holidaymakers

Guernsey has experienced an unprecedented influx of French tourists who they claim are far more desirable due to their deep pockets and polite attitude.

China vows to stand firm against Trump’s 100% tariff threat

BEIJING: China signaled Sunday that it would not back down in the face of a 100 percent tariff threat from President Donald Trump, urging the US to resolve differences through negotiations instead of threats. “China’s stance is consistent,” the Commerce Ministry said in a statement posted online. “We do not want a tariff war but [.].