4TH STATE OF THE NATION ADDRESS OF RODRIGO ROA DUTERTE PRESIDENT OF THE PHILIPPINES TO THE CONGRESS OF THE PHILIPPINES [Delivered at the Session Hall of the House of Representatives, Batasang Pambansa Complex, Quezon City | 22 July 2019] Thank you. Kindly sit down. Kumusta po kayo? Let me begin by extending my hand in gratitude to all who kept faith with me in our most trying times. Numbers speak a thousand words and tell a hundred tales. But the landslide victory of the Administration candidates as well as the latest survey results shows that my disapproval rating is 3%. [applause] I hope that the members of Congress --- sana hindi kayo included sa 3% [laughter] --- inspires me with determination to pursue relentlessly what we have started at the start of my administration. Few men imbued with the will and the courage to do what he believes is right and just and whatever be the opposition in terms of numbers and noise, makes a majority. For it is not the eagle in the fight but the … [Read more...] about FULL TEXT: Duterte’s 4th SONA
Distinguish economic growth and economic development
By NORMAN PEARLSTINE, DAVID PIERSON, ROBYN DIXON, DAVID S. CLOUD, ALICE SU AND MAX HAO LU Standing on Huawei Technologies Co.’s sprawling new campus near Shenzhen, it’s hard to conceive that Ren Zhengfei, backed by five friends of friends, could have single-handedly turned his tiny start-up into a technology-driven colossus. Standing on Huawei Technologies Co.’s sprawling new campus near Shenzhen, it’s hard to conceive that Ren Zhengfei, backed by five friends of friends, could have single-handedly turned his tiny start-up into a technology-driven colossus. How could Ren, then in his 40s and possessing no intellectual property, have grown Huawei into the world’s biggest seller of telecommunications equipment and one of the largest makers of smartphones, with 188,000 employees in 170 countries? In fact, it’s entirely unbelievable, according to the U.S. government. Washington would have you believe Huawei’s official history is a sham — … [Read more...] about WHO’S BEHIND HUAWEI?
By Suzanne Kapner WSJ Fri., March 15, 2019 It was the 1970s and Sears was at its peak. It dominated American retailing. Its corporate headquarters was the tallest building in the world. A job at Sears was a ticket to a long and lucrative career. But rivals like Walmart were bearing down, shopping patterns were changing and Sears started making a series of wrong bets. Over the last four decades, a succession of CEOs have tried to reinvent, reimagine and, finally, save Sears. One discussed merging with rivals Best Buy and Home Depot, talks not previously reported. Another opened the door to hedge-fund billionaire Eddie Lampert, who went on to slash spending with little investment in stores. Amid changing shopping patterns, technology shifts and Sears’s own missteps, customers fled. What were the turning points when it lost its grip on the American shopper? Here is the story, told by eight people who lived it (edited from interviews). Mr. Lampert, who is … [Read more...] about How Sears Lost the American Shopper
Published February 21, 2019 Markets Motley Fool Facebook Twitter Comments Print Marcus Corp (NYSE: MCS)Q4 2018 Earnings Conference CallFeb. 21, 2019, 11:00 a.m. ET Contents: Continue Reading Below Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good morning, everyone, and welcome to The Marcus Corporation Fourth Quarter Earnings Conference Call. My name is Loren, and I'll be your operator for today. At this time, all participants are in a listen-only mode. We will conduct a question-and-answer session toward the end of this conference. (Operator Instructions) As a reminder, this conference is being recorded. Joining us today are Greg Marcus, President and Chief Executive Officer; and Doug Neis, Executive Vice President, Chief Financial Officer and Treasurer of The Marcus Corporation. At this time, I'd like to turn the program over to Mr. Neis for his opening remarks. Please go ahead, sir. Advertisement Douglas A. … [Read more...] about Marcus Corp (MCS) Q4 2018 Earnings Conference Call Transcript
Vietnam Sustainability Forum 2019 takes place in Hanoi At the forum (Source: VOV) The Vietnam Sustainability Forum 2019 took place in Hanoi on January 18 following the successful organisation of the first event last year. The forum creates a platform for policymakers, non-governmental organisations, businesspeople, and experts at home and abroad to exchange ideas to promote economic growth and sustainable society. Deputy Minister of Planning and Investment Le Quang Manh said Vietnam needs more effective solutions to address sustainable issues in the fields of human resources, climate change adaptation, smart agriculture, environment, and the Fourth Industrial Revolution. “Promoting sustainable development is not only about economic development, but also the settlement of social issues and environmental protection,” he said. In 2018, Vietnam recorded the region’s highest GDP growth at 7.08 percent as well as a trade surplus of 7.21 billion USD, tripling that of … [Read more...] about BUSINESS NEWS IN BRIEF 20/1