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  • Editor’s Picks / 22 September 2016 at 22:26 GMT

    President Duterte shrugs off S&P view, ready to turn to China, Russia

    The Phillipine Star
    I don’t care. This was President Duterte’s reaction to S&P’s assessment that predictability in policymaking diminished under his administration. S&P affirmed on Wednesday the Philippines’ long-term credit rating of ‘BBB’ and short-term credit rating of ‘A-2,’ with a stable outlook. While the rating is a notch above investment grade, the credit watchdog said the stability and predictability of policymaking in the country has “diminished somewhat” in light of Duterte’s policy pronouncements on foreign policy and national security. Duterte shrugged off the assessment, saying the Philippines is formulating “a new foreign policy”. “Go away. We'll start on our own. I can go to China, Russia. They are waiting for me”, the president said on Thursday. “Wala akong pakialam sa inyo (I don’t care about you),” he added.
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  • Article / 11 August 2016 at 3:03 GMT

    Are the grubby politics of Spain set to be cleaned up?

    Managing Partner / Spotlight Group
    United Kingdom
    Are the grubby politics of Spain set to be cleaned up?
    Despite two successive Spanish general elections a clear result is yet to be delivered. But a working government may be established as the centrist Ciudadanos party indicated it was prepared to negotiate with the acting Prime Minister if he agreed to a six-point reform package that embraces electoral law reform and measures to tackle anti-corruption.
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  • Editor’s Picks / 29 July 2016 at 0:33 GMT

    India, ASEAN gain appeal as wary Japanese firms turn away from China

    Nikkei Asian Review
    Japanese companies no longer see China as a top destination for investment, and are turning to India and ASEAN for growth, according to a joint survey by Nikkei Inc and the Center for Strategic and International Studies. A combination of China's slower growth and aggressive national security policies has dented the Japanese appetite to invest in the world's most populous nation. Since its accession to the WTO in 2001, China has been the top desitnation Japanese foreign direct investment in Asia, except for 2013, when Thailand briefly overtook it. However, when asked which emerging economy their company would invest in today, 50% said India and 38% said ASEAN, while only 4% of respondents named China.
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  • Editor’s Picks / 26 July 2016 at 0:56 GMT

    Rise of US, Chinese protectionism poses hurdles for Korean exporters

    The Korea Herald
    Amid the rising tide of protectionism, a growing number of Korean companies are becoming the targets of protectionist measures in major overseas markets, including the US and China. Last week, the US took a series of harsh measures against Korean exporters. Notably, the Department of Commerce introduced high anti-dumping and countervailing duties on cold-rolled steel plates produced by POSCO and Hyundai Steel. In the US, protectionism has been gaining force. The outcry against free trade has been fanned by politicians in the run-up to the presidential election. The US is not alone in moving away from free trade. This trend has been manifested by the decision of the UK to leave the EU. The rising tide of protectionism poses serious challenges to Korean companies.
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