- A + A (June 30): Incoming Philippine President Ferdinand Marcos Jr, son of the nation’s ousted dictator, said he will focus on food sufficiency and Covid-19 pandemic recovery in an inaugural speech that paid tribute to his late father. “The role of agriculture cries for urgent attention,” Marcos said in Manila on Thursday (June 30) after taking his oath of office. “An agriculture damaged and diminished by unfair competition will have a harder time, or will have no prospects at all of recovery.” The new leader, who’s appointed himself the agriculture chief, said he would rebuild the nation’s economy to regain its position as a growth leader in the region. He pledged to fix shortcomings in pandemic response, and come up with plans to transform the economy and boost infrastructure. The former senator returns to the presidential palace where he spent his youth before his family fled in 1986, driven out by a popular uprising. His father’s two-decade rule was marred by … [Read more...] about Marcos Jr sworn in as president decades after father fled
Which iraqi leader was responsible for the invasion of oil rich kuwait in 1991
NATO Officially Invites Sweden, Finland To Join Alliance
Share to Twitter Share to Linkedin Topline NATO formally invited Finland and Sweden to join the military alliance Wednesday, NATO said in a statement , an expected but historic move for the neutral nations in response to Russia’s invasion of Ukraine. Key Facts The announcement comes a day after Turkey dropped its objection to Finland and Sweden’s bids, paving the way for the Nordic countries to join the alliance a month after formally submitting their respective applications. “The accession of Finland and Sweden will make them safer, NATO stronger, and the Euro-Atlantic area more secure,” heads of state of NATO countries said in the joint statement released during the ongoing summit of NATO leaders in Madrid. The statement called Russia the “most significant and direct threat” to the security of NATO nations, and Finland and Sweden moved to join the alliance in the aftermath of Russia attacking its neighbor Ukraine. Finland … [Read more...] about NATO Officially Invites Sweden, Finland To Join Alliance
Cover Story: RHB’s Game Plan in ‘fast-changing’ new normal
This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A ALL eyes are on RHB Banking Group’s newly minted group managing director (MD) and group CEO Mohd Rashid Mohamad as he steers the fourth-largest banking group by assets forward in a tough operating landscape. “It’s very challenging, especially now in a fast-changing market environment, and as we face potential risks such as geopolitical and inflationary,” acknowledges Rashid in his first exclusive interview as group MD/CEO. Competition has intensified, given new entrants into the market, which are not just new banks but also technology companies that compete for the same pie. Rashid adds that this has partly affected the profitability of the industry, along with many other factors. He notes that banks globally no longer see “high ROEs” as before. For RHB Bank Bhd, its return on equity (ROE) in the past 10 financial years hit a high of 13.4% in FY2012 before … [Read more...] about Cover Story: RHB’s Game Plan in ‘fast-changing’ new normal