The ANC Brief: Trade and commerce


Posted at Apr 22 2019 04:00 AM

An economic forum in Manila with the President in attendance. Here are the stories making the headlines of ANC today:

The ANC Brief: Trade and commerce 1

Economic forum
Trade and commerce will be front and center in the Boao Economic Forum, which will be held in Manila for the first time on Monday and Tuesday. The forum could open more investment opportunities for the Philippines. It’s also a prelude to Belt and Road Initiative to be held in China at the end of this month with President Rodrigo Duterte in attendance. 

The Boao forum in Manila also comes at a time when there are concerns about the possibility of the country falling into a debt trap with China, the trade war between the U.S. and China, and illegal Chinese workers in the country. President Duterte will deliver the keynote speech at the opening ceremonies of the Boao forum at 6:30 p.m. Former President Gloria Macapagal-Arroyo will also be leading the forum.

Alleged felonies
Financial crimes involving prominent members of the business community are making the headlines recently. A Gaisano son-in-law, Derwin Wong, was arrested for a syndicated estafa case filed by Gaisano’s daughter Valerie Gaisano-Sebastian. Also, a Makati court issued new warrants of arrest against a son of Washington Sycip, George Sycip, chairman of the board of listed company Alliance Select Foods International.

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Help wanted
The Department of Labor and Employment is in need of labor inspectors to check if illegal workers, including Chinese workers, are in Boracay. Labor Secretary Silvestre Bello said they have less than 800 labor inspectors to monitor 900,000 businesses all over the country. The Labor Department will hold a press conference for its Labor Day activities. The Boracay issue is likely to crop up again.

Bloody Easter Sunday
ANC will continue to monitor the Easter explosions in Sri Lana that have killed more than 200 people. The Foreign Affairs Department said no Filipinos are reported as casualties. The Sri Lankan police chief is said to have issued a warning 10 days before the attacks.

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Born again
In the last six years, Chef Gene Gonzalez has weathered challenges in and out of the kitchen. Now cancer-free, he invites ANCX to the new location of his beloved Cafe Ysabel to share his newfound passion for gardening, and what he’s learned throughout his ordeals.