Philippines

China Faces $50 Billion ‘Belt and Road’ Shortfall in Southeast Asia

The Lowy Institute of Australia published a report on Wednesday that found China’s funding for its Belt and Road Initiative (BRI) projects in Southeast Asia is about $50 billion short of its commitments, apparently due to a variety of causes, from political instability in BRI countries to reduced demand for fossil fuel projects.

This aerial photo taken on April 26, 2023 shows a construction site of the East Coast Rail

Inflation Trend: Filipino Bride Walks the Aisle Wearing Bouquet of Priceless Onions

The strange saga of the Filipino onion – a humble vegetable transformed into a priceless treasure by a combination of high demand, supply problems, and imbecilic government policies – took another turn on Saturday when blushing bride April Lyka Biorrey walked down the aisle with a bouquet of onions instead of flowers. By all accounts, there wasn’t a dry eye in the house.

The groom kisses the bride during their wedding outside Manila's Cathedral, Philippin

China Calls Strong U.S. Dollar a ‘Crisis’

China’s state-run Global Times on Tuesday denounced the strong U.S. dollar as a “crisis” for the rest of the world because it increases the “financial risks facing emerging markets” and allegedly makes it harder for other nations to implement anti-inflationary policies.

Face to face of US dollar banknote and China Yuan banknote