Versuchen GOLD - Frei

Whose side is the US on? Doubts strain alliances

Business World Philippines

|

June 06, 2025

WINSTON CHURCHILL told a story of an 1895 encounter, as a young cavalry officer, with the statesman William Harcourt. Af-ter some discussion of great issues, Churchill asked eagerly: “What will happen then?” Harcourt replied, with Victorian complacency: “My dear Winston, the experiences of a long life have convinced me that nothing ever happens.”

- By Max Hastings

Whose side is the US on? Doubts strain alliances

Few people 130 years later could succumb to any similar delusion in a world that seems to have consigned itself to perpetual turmoil. Most recently, Poland has frightened European capitals by electing a right-wing, anti-European Union president. The British government published a long-awaited strategic defense review, which proposes rearmament to bring about “war-fighting readiness,” according to Prime Minister Keir Starmer, as Ukraine launched stunning drone strikes against five bomber bases deep inside Russia.

There is more. At a conference in Singapore last weekend, France's president warned of dire consequences for democracies if Russia prevails in Ukraine. US Defense Secretary Pete Hegseth urged Asian nations to stand tall against Chinese aggression as Australia’s defense minister challenged China to justify its huge military and naval buildup. His Philippine counterpart said China has been “absolutely irresponsible and reckless in appropriating most, if not all of the South China Sea, and the world cannot tolerate this.”

These various words were uttered, those events took place, many thousands of miles apart. But the common strand is fear that the threat of major conflict among nations is growing, that the international rules-based order has collapsed.

Let us first review some of the stuff said in Singapore. Washington sought to message Asian nations that it is time to pick a side — to fall in behind the US to confront the rising menace from China not only against Taiwan, but against national sovereignties across the region. Unfortunately, it’s hard for Donald Trump to rally Asian nations to military solidarity, while waging a trade war against most.

“By assailing interdependence,” Joseph Nye and Robert Keohane write in the current issue of

WEITERE GESCHICHTEN VON Business World Philippines

Business World Philippines

PNB, Discovery Capital Finance ink partnership to boost SME lending

PHILIPPINE National Bank (PNB) has partnered with Discovery Capital Finance Corp. (DCFC) for a loan facility to boost financing for small and medium enterprises (SMEs).

time to read

1 mins

December 18, 2025

Business World Philippines

Business World Philippines

PHINMA Education adds 12,000 slots with new Quezon City, Cebu buildings

PHINMA EDUCATION Holdings, Inc. said it aims to enroll 12,000 additional students at its Quezon City and Cebu educational institutions with the inauguration of new buildings.

time to read

1 mins

December 18, 2025

Business World Philippines

Yields on seven-day deposits drop further after Fed, BSP cuts

YIELD on the Bangko Sentral ng Pilipinas’ (BSP) seven-day term deposits fell on Wednesday as the offer was met with strong demand following cuts to benchmark rates here and in the United States.

time to read

2 mins

December 18, 2025

Business World Philippines

AMRO says impact of BSP rate adjustments are delayed, limited

THE TRANSMISSION of the Bangko Sentral ng Pilipinas' (BSP) monetary policy adjustments into the financial system remains delayed and limited, a report from the ASEAN+3 Macroeconomic Research Office (AMRO) showed.

time to read

1 mins

December 18, 2025

Business World Philippines

Business World Philippines

Château Angélus: Still chiming in Manila

WHEN Hubert de Boüard, owner of Château Angélus, arrived in Manila last month to host a wine dinner at Wine Story in BGC Taguig, the atmosphere was charged with anticipation.

time to read

5 mins

December 18, 2025

Business World Philippines

IPO activity stalls in Philippines amid market slump and fallout from flood control scandal

INITIAL PUBLIC OFFERINGS (IPOs) on the Philippine Stock Exchange (PSE) slumped to just two this year as uncertainty over US tariffs and a high-profile corruption scandal weighed on investor sentiment, according to analysts.

time to read

4 mins

December 18, 2025

Business World Philippines

More rate cuts could reignite inflation, hurt US Fed’s credibility, Bostic says

Further interest rate cuts could put US monetary policy on an accommodative footing that stimulates economic growth and puts the country at risk of a new jump in inflation and inflation expectations, Atlanta Federal Reserve President Raphael Bostic said on Tuesday.

time to read

1 mins

December 18, 2025

Business World Philippines

Federal Land, Inc. divests 52% stake in Crown Central

FEDERAL LAND, INC. (FLI), the property arm of GT Capital Holdings, Inc., and its subsidiary Horizon Land Property Development Corp. have sold their combined 52% stake in Crown Central Properties Corp. to Crown Equities, Inc. (CEI) for a total of P73.48 million.

time to read

1 mins

December 18, 2025

Business World Philippines

Business World Philippines

Coupang CEO fails to appear at South Korean parliamentary hearing on data breach

The founder of South Korea’s Coupang failed to appear before a Wednesday parliamentary hearing about the massive data breach at the e-commerce giant, angering lawmakers who said they would hold him responsible.

time to read

1 mins

December 18, 2025

Business World Philippines

House approves bill amending bank secrecy law on second reading

THE HOUSE of Representatives on Monday approved on second reading a bill amending the Philippines' decades-old bank secrecy law, allowing the Bangko Sentral ng Pilipinas (BSP) to look into the accounts of bank officers and employees involved in illegal financial activities.

time to read

2 mins

December 18, 2025

Listen

Translate

Share

-
+

Change font size