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Showing posts with the label Manila

POGOs may put PH at risk

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Online gaming The latest apprehensions made by Philippine immigration agents on at least 277 illegal Chinese nationals working at an online gaming company in the Ortigas, Pasig City was a pr oof that Chinese tourists are taking advantage of President Duterte's soft diplomacy with Beijing. And, regardless on whether the Philippines generated an estimated $200 million in revenues from online gaming, it is not a sure guarantee that the windfall will continue unabated by ignoring established immigration laws in the country. The arrest came after the Chinese Embassy in Makati City tipped the BID about the presence of Chinese  individuals who were wanted by the Chinese police, a newspaper report said. Since it is illegal in China to operate online gaming activities, some Chinese entrepreneurs have made it their bread and butter to dupe young and tech-savvy Chinese citizens to come to Manila in droves on the promise that they could work even without proper work permits. It...

$175B loan to support transport industry in Third World

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Traffic gridlock in Metro Manila. RIO DE JANEIRO - The Asian Development Bank (ADB) and seven other multilateral development banks (MDBs) today announced their commitment to provide more than $175 billion of loans and grants for transport in developing countries over the next decade. “Rapid motorization is creating more congestion, air pollution, traffic accidents and greenhouse gas emissions – especially in developing countries,” said ADB President Haruhiko Kuroda, speaking on behalf of the MDBs at a news conference in Rio de Janeiro. “Developing countries have the opportunity to leapfrog to a greener future of less motorization, shorter commutes, and more energy efficient transport systems.” Global CO2 emissions from the transport sector are projected to increase nearly 50% by 2030 – with profound environmental, economic and social consequences – unless dramatic changes are adopted. In many Asian nations, losses from traffic-related congestion already amount to 5% of GDP.  Ma...