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Philippine President Rodrigo Duterte’s US Rehetoric Raises Concern

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Rodrigo Duterte
  • Duterte’s US Rehetoric Raises Concern

There is no doubt that Philippine President Rodrigo Duterte is not a fan of the US and that his harsh rhetoric against the country’s closest and oldest foreign ally is genuine.

Insisting that the Philippines will survive without US assistance and support, Duterte has refused to stop his foul-mouthed tirades against the US after declaring a “separation” from the country’s former colonizer during a visit to China last week.

“Even if we are just poor, do not fuck with our dignity,” he told a cheering crowd of Filipinos in Tokyo on Tuesday on the first day of his three-day visit to Japan.

Before leaving Manila, the 71-year-old president even threatened to revoke a defence pact which allowed US troops more access to the Philippines.

“Forget it,” he said, referring to the enhanced defence cooperation agreement signed in 2014.

“I do not want to see any military man of any other nation except the Filipino soldiers.”

While analysts agree that the Philippines needs to chart its own foreign policy, free from any outside interference, they warned that Duterte’s anti-Americanism could eventually hurt the country.

“The US is giving us some slack now,” professor of political science Aries Arugay from the University of the Philippines, told dpa.

“However, it doesn’t mean they will not punish us. The US as a superpower has always used the discipline and punish approach.”

“It will let you be, but there will be repercussions,” he added.

The US is one of the largest foreign investors in the Philippines, with investments totalling more than 730 million dollars in 2015.

It is also the country’s third-largest trading partner and home to over 3.4 million Filipinos, making them the second largest group of Asian immigrants in the US after those from China.

In 2015, the Philippines received some 175 million dollars in US development assistance, and a total of 50 million dollars in military financing.

Before Duterte became president in June, the US pledged more than 120 million dollars in military aid, double the amount Washington normally gives each year.

Arugay noted it was not the first time the Philippines had distanced itself from the US, citing a 1992 Senate vote against extending the lease of American military bases in the country.

In 2004, the Philippines also withdrew its peacekeeping forces from Iraq, contrary to the US’ will, after a Filipino was abducted by rebels who threatened to execute him if Filipino soldiers were not pulled out.

“We were punished for that,” Arugay said. The US was not supporting us [for some time], forcing [then president] Gloria Arroyo to tilt towards China.”

Duterte said he was not worried about losing US aid and investment, noting that he would instead work to boost economic ties with China and Japan.

“We will survive,” he said. “Maybe at this time, not all Filipinos would look too kindly about my stand.

But in the years to come, the next generation, they would know that there is such a thing in this world as the dignity of the Filipino people.”

Businessmen and politicians have urged Duterte to be circumspect in his foreign policy pronouncements, with one lawmaker noting that the Philippines would be at the losing end if it completely broke from the US and cozied up to China.

Congressman Gary Alejano reminded Duterte of the territorial dispute between the Philippines and China over the South China Sea, where Chinese encroachment has prevented Filipinos from fishing in the area.

“The more the Philippine economy is exposed to China, the more our economy becomes dependent on them, the less our power to assert will be, pertaining to our territorial conflict in the West Philippine Sea,” Alejano said.

Arugay noted that while the majority of Filipinos love America, many also shared Duterte’s resentment over perceived unfair treatment which the country had received from the US.

“Even the most pro-American Filipino will admit that the Americans have not really given what is due to us,” he said.

“But our anti-Americanism is fleeting. Whether we like it or not, we like the US.”

Arugay said Duterte may only be hedging in his diplomatic play with the US, but warned he was playing a risky game if he continued to unleash anti-American attacks and later backtracks.

“What is being jeopardized is our ability to make credible commitments,” he said.

“Who will believe us if we keep on changing our stand. If this continues, our ability to credibly commit to anything in the international arena will be questioned and we will not be taken seriously.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Lagos Eyes Investment Surge as Sanwo-Olu Unveils Growth Strategy

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Governor Babajide Sanwo-Olu of Lagos State is spearheading a bold push to attract significant investment inflow to boost the state’s economic growth.

During a Pre-Summit Investor Roundtable at the Africa Social Impact Summit (ASIS 3.0), held at Eko Hotels and Suites, the governor outlined strategic opportunities for investors.

With the theme “Invest Lagos – Investment Opportunities,” the summit was organized by the Sterling One Foundation in collaboration with the Ministry of Commerce, Cooperatives, Trade, and Investment.

Attended by business leaders, chambers of commerce, and industry captains, the event underscored Lagos’ potential as a hub for economic activity.

Sanwo-Olu highlighted Lagos’ positive economic outlook, citing an expanding population and sustainable infrastructure as key growth drivers.

Despite challenging business environments, the state’s economy has shown resilience, welcoming new investments while sustaining existing ones.

The governor emphasized reforms aimed at improving the ease of doing business. He mentioned that digitizing services had reduced bureaucratic hurdles, fostering a stable business climate.

Sanwo-Olu assured potential investors of the state’s commitment to creating a supportive environment that ensures returns and security for investments.

“In the last five years, Lagos’ GDP has grown by 50 percent,” Sanwo-Olu stated. “We aim to sustain this growth and ensure the gains of the past years are not reversed.”

Sanwo-Olu identified sectors ripe for investment, including transportation, tourism, health insurance, and waterways. He expressed the government’s dedication to advancing development plans in these areas.

Commissioner for Commerce, Cooperatives, Trade, and Investment, Mrs. Folashade Ambrose-Medebem, highlighted Lagos’ economic strides, noting that the state’s GDP had increased from N27 trillion to N41 trillion in five years.

She detailed strategic investments, particularly the allocation of N550.7 billion for infrastructure in 2024, and the commitment of N44.33 billion to food security initiatives.

Sterling Bank’s Managing Director, Mr. Abubakar Suleiman, pointed out that economic growth in Africa is often hindered by an unstable investment climate.

The summit aimed to build investor confidence by fostering trust and transparency in business environments.

“Lagos remains a leading destination for investors,” Suleiman noted. “The state provides clarity and access to markets, maintaining consistency in its investment strategies.”

Sanwo-Olu’s administration continues to focus on diversifying Lagos’ economy through strategic investments in various sectors.

The state’s proactive approach has positioned it as a global city and an emerging African financial center.

The governor’s initiative is expected to further solidify Lagos’ reputation as a prime investment destination, paving the way for sustained economic growth and development.

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Vice-President Harris Gathers Momentum as Democratic Nominee

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Vice-President Kamala Harris has secured the support needed to become the Democratic nominee for president.

This was after President Joe Biden announced he would not seek re-election, endorsing Harris as his successor.

According to CBS News, Harris has received endorsements from over 1,976 delegates, surpassing the threshold needed to clinch the nomination in the first round of voting at the Democratic National Convention (DNC) scheduled for August.

Delegations from at least 27 states have expressed full support, showcasing a strong backing across the nation.

In her address to campaign staff in Wilmington, Delaware, Harris expressed gratitude for the widespread support, adding that she committed to uniting the party and the country.

“We have 106 days until Election Day, and in that time, we have some hard work to do,” she stated.

Harris laid out her vision for America, contrasting it with that of her likely opponent, Donald Trump.

Speaking on the direction of the campaign thus far, she said “Our campaign has always been about two different versions of what we see as the future of our country. One focuses on the future, the other focuses on the past.”

She acknowledged the accomplishments of the Biden administration, highlighting her pride in serving as vice-president.

“My time serving as vice-president was one of the greatest honors of my life,” Harris said, underscoring her dedication to continuing the work they started.

In a phone call to his campaign team, Biden praised Harris, urging his supporters to rally behind her. “I’m hoping you’ll give every bit of your heart and soul that you gave to me to Kamala,” he said.

Despite stepping back from the race, Biden vowed to remain actively involved in supporting Harris and emphasized the importance of defeating Trump, calling him “a danger to this nation.”

Harris’s nomination marks a significant milestone, but challenges remain. The campaign will focus on addressing key issues such as healthcare, climate change, and economic inequality.

With millions of dollars pouring into her campaign since Biden’s announcement, Harris aims to capitalize on the momentum and build a coalition that appeals to a broad spectrum of voters.

As the DNC approaches, Harris is expected to formally accept the nomination, solidifying her position as the Democratic leader.

The coming months will be crucial as she works to unite the party and reach out to undecided voters. With her historic nomination, Harris stands poised to make a lasting impact on the future of American politics.

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President Declines Nomination, Endorses Harris for 2024

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In a significant political announcement on his X.com account, President Joe Biden has decided to forgo the opportunity to seek re-election in 2024, instead throwing his full support behind Vice President Kamala Harris.

The surprise move, shared with the public this morning, represents a pivotal moment in the Democratic Party’s journey toward the upcoming presidential election.

In his statement, Biden said that his choice to step aside is driven by a desire to concentrate on his remaining duties as President.

He expressed gratitude for the opportunity to serve alongside Harris, calling her selection as his Vice President in 2020 “the best decision” he has made. “My fellow Democrats,” Biden began, “I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term.”

The President’s announcement signifies a strategic shift in the 2024 election landscape. By endorsing Kamala Harris, Biden not only aims to consolidate support within the party but also to set the stage for a unified front against former President Donald Trump.

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year,” Biden declared. “Democrats — it’s time to come together and beat Trump. Let’s do this.”

This endorsement comes as a surprise to many, given Biden’s earlier commitment to seeking re-election.

However, it reflects a broader strategic maneuver to ensure party unity and strengthen the Democratic position in the face of a formidable opponent. By focusing on Harris, Biden aims to leverage her growing popularity and political acumen to fortify the party’s chances in the upcoming election.

Kamala Harris, who has served as Vice President since January 2021, will now be thrust into the spotlight as the presumptive Democratic nominee.

Her campaign is expected to build on the legacy of the current administration while addressing key issues facing the nation.

The move also raises the stakes for the Republicans, who will need to prepare for a robust campaign from a seasoned political leader in Harris.

As the 2024 election cycle ramps up, Biden’s endorsement is likely to reshape the dynamics of the race, influencing both Democratic strategies and Republican responses.

The coming months will be critical as Harris and her team work to solidify their platform and rally support from voters across the nation.

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