There is virtually no livelihood and employment aspect that Covid-19 has not disrupted, and our poor countrymen were disproportionately affected by the pandemic. Millions of minimum wage earners and contract workers that lost their jobs became poorer because of the long lockdowns. Thanks to the decision of President Ferdinand Marcos Jr. to lift restrictions earlier than expected, the people got their livelihood back. But, just as they are starting to recoup their income losses, some wise lawmakers are trying to find a new way to push poor Filipinos deeper into poverty.
President Joe Biden and his European allies have repeatedly stressed their desire to “de-risk,” not “decouple,” from the Chinese economy in recent months as a way to explain a slew of new restrictions on trade with Beijing. The problem is, for China there’s no difference.
The Association of Southeast Asian Nations and China agreed in 2002 to work towards creating a Code of Conduct intended to reduce the risk of conflict in the South China Sea (SCS). The parties recognized the importance of a COC in the disputed waterway, where China’s expansive maritime and territorial claims clash with those of four Asean member states: Brunei, Malaysia, the Philippines and Vietnam.
EVEN before the Covid-19 pandemic and the resulting global economic crisis, offline retailers have already been engaged in an intense battle against e-commerce players. Those challenges have now accelerated at staggering speed and retailers need to stop expecting businesses to return to “normal.”
FRANKFURT, Germany — The global economic rebound from the pandemic has picked up speed but remains uneven across countries and faces multiple headwinds including the lack of vaccines in poorer nations — which could lead to new virus variants and more stop-and-go lockdowns, an international organization said Monday.