After two pandemic years, a summer travel bounce — and chaos

JERUSALEM — At a tourism conference in Phuket last month, Thailand’s prime minister looked out at attendees and posed a question with a predictable answer. “Are you ready?” Prayuth Chan-ocha asked, dramatically removing his mask and launching what’s hoped to be the country’s economic reset after more than two years…

Russian missiles kill at least 21 in Ukraine’s Odesa region

A Russian airstrike on residential areas killed at least 21 people early Friday near the Ukrainian port of Odesa, authorities reported, a day after the withdrawal of Moscow’s forces from an island in the Black Sea had seemed to ease the threat to the city. Video of the attack before…

PBBM attends first official military engagement today

The Philippine National Police reported no untoward incident during the inauguration on Thursday of President Ferdinand “Bongbong” R. Marcos Jr., as he has been scheduled to attend today’s 75th anniversary commemoration of the Philippine Air Force, his first official engagement with the military as its Commander-in-Chief. Air Force spokesman Col.…

Wuhan sees virus return days after Xi reinforces Covid zero

Covid-19 has returned to the central Chinese city where it first emerged, with two cases reported in Wuhan and a swelling outbreak in a neighboring province, just as Beijing and Shanghai appear to have quelled the virus once again. Two port workers in Wuhan came down with asymptomatic Covid infections,…

Consumers more confident than businessmen in Q3–BSP poll

THE local business community and the average Filipino consumer shared mixed views on their economic prospects in the coming months, with consumer confidence outshining that of the business sentiment in the local scene. The results of the Bangko Sentral ng Pilipinas’ (BSP) quarterly survey showed that consumers are more optimistic…

Tunisian ruler makes latest power gambit as local economy crumbles

Tunisia’s president unveiled constitutional changes that’ll be put to a referendum in July, risking riling opponents with a move dubbed a power grab just as the country needs consensus to secure help from the International Monetary Fund (IMF). The draft reform of the constitution was published in the official gazette…

Softer progress for manufacturing as May PMI dips slightly to 53.8

THE country’s manufacturing sector improved, albeit at a slower rate in June this year—mirroring the region’s trend of softer improvement during the month. In a report published on Friday, S&P Global announced that the Philippines’ Purchasing Managers’ Index (PMI) “slipped marginally” to 53.8 in June from 54.1 in May. ADVERTISEMENT…

PCC vows stepped up drive against cartels, anticompetition practices

THE Philippine Competition Commission (PCC) has vowed to step up its campaign against cartel activities and abuses of dominance, saying such could derail the country’s recovery process from the pandemic. “Risks of anticompetitive behavior persist, including anticompetitive mergers and acquisitions, cartel activities, and abuses of dominance,” said outgoing Chairman Arsenio…

Putin offers to finance railway project in new Indonesian capital

President Vladimir Putin offered to have Russian Railways invest in Indonesia’s new capital, in a sign of warming ties with Southeast Asia’s biggest economy as the US and its allies seek to isolate Moscow. Putin said Moscow could take part in President Joko Widodo’s plan to move Indonesia’s capital to…