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Globe Telecom, Inc. to conduct 2025 Annual Meeting of Stockholders virtually on April 22


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Converge expects subscriber base to grow to 4 million by 2027

CONVERGE ICT Chief Executive Officer Dennis Anthony H. Uy — CONVERGEICT.COM

CONVERGE ICT Solutions, Inc. said it expects to reach four million subscribers by 2027, driven by its expansion strategy.

“We are well on our way to reaching our goal of four million subscribers by 2027,” Converge Chief Commercial Officer and Chief Sustainability Officer Benjamin B. Azada said during a media briefing on Thursday.

Mr. Azada said the company saw strong growth across all its residential brands, bringing its total subscriber base to 2.56 million as of 2024.

Converge said its Surf2Sawa, the company’s affordable prepaid offering, together with BIDA Fiber, experienced growth in 2024.

For 2025, Converge previously announced a capital expenditure budget of up to P25 billion, primarily for subsea cable system payments and data center expansion.

“The data center we are creating now is for the digital transformation of the enterprise segment and the public sector, including our expansion for the consumer side,” Converge Chief Executive Officer Dennis Anthony H. Uy said.

The company plans to open two data centers in 2025 with a combined capacity of 13 megawatts (MW).

“An emerging business unit of Converge, its data center business, is expected to come online. It has been expanding its network of digital hubs to support the massive demand for content and cloud services,” Converge said in a separate media release.

Meanwhile, the Bifrost Cable System and the Asia-Hainan-Hong Kong Express (SEA-H2X) Submarine Cable System are expected to be completed in 2025.

This year, the company expects revenue to grow by up to 16% after posting a P10.8-billion net income for 2024, an 18.9% increase from P9.09 billion in 2023.

Total revenues rose by 14.8% to P40.61 billion from P35.36 billion a year earlier.

By segment, residential revenues grew by 14% to P34.42 billion, while enterprise revenues increased by 22% to P6.19 billion from P5.08 billion.

At the stock exchange on Thursday, Converge shares closed 3.76% higher at P18.78 apiece. — Ashley Erika O. Jose

China’s dwindling marriage rate is fueling demand for brides trafficked from abroad

NGUYEN QUAN-UNSPLASH

CHINA’s marriage rate is in steep decline. There were 6.1 million marriage registrations nationwide in 2024, down from 7.7 million the previous year. This decline has prompted Chen Songxi, a Chinese national political adviser, to propose lowering the legal marriage age from 22 to 18.

The drop in China’s marriage rate has been driven by a combination of factors. These include increased economic pressures, evolving social attitudes towards marriage, and higher levels of education.

Urban Chinese women, in particular, are increasingly pushing back against traditional gender expectations, which emphasize marriage and childbearing as essential life milestones. Rising living costs are also making it increasingly difficult for many young people to afford to get married.

At the same time, China is grappling with a longstanding gender imbalance, a legacy of the country’s sweeping one-child policy and cultural preference for male children. In the early 2000s, when the imbalance was at its peak, China’s sex ratio at birth reached 121 boys for every 100 girls. For every 100 girls born in some provinces, there were more than 130 boys.

The gender imbalance is particularly pronounced among those born in the 1980s, a generation I belong to. This is due to the widespread use of ultrasound technology from the mid-1980s onward, which offered parents the ability to terminate pregnancies if their child was female.

Unmarried men in China have become part of the so-called “era of leftover men” (shengnan shidai in Chinese). This is an internet term that loosely refers to the period between 2020 and 2050, when an estimated 30 million to 50 million Chinese men are expected to be unable to find a wife.

The conundrum is that many of these “leftover” men want to marry — I know this firsthand. Some of my peers from primary and secondary school have been desperately searching for a wife, but have struggled to find a spouse. A widely used phrase in China, “difficulty in getting married” (jiehun nan), encapsulates this struggle.

Unable to find a domestic spouse, some Chinese men have turned to “purchasing” foreign brides. The growing demand for these brides, particularly in rural areas, has fueled a rise in illegal marriages. This includes marriages involving children and women who have been trafficked into China primarily from neighboring countries in south-east Asia.

According to a Human Rights Watch report released in 2019 on bride trafficking from Myanmar to China “a porous border and lack of response by law enforcement agencies on both sides [has] created an environment in which traffickers flourish.”

The Chinese government has now pledged to crack down on the industry. In March 2024, China’s Ministry of Public Security launched a campaign against the transnational trafficking of women and children, calling for enhanced international cooperation to eliminate these crimes.

‘PURCHASED’ FOREIGN BRIDES
These marriages are often arranged through informal networks or commercial agencies, both of which are illegal according to China’s state council.

Human Rights Watch says that women and girls in neighboring countries are typically tricked by brokers who promise well-paid employment in China. They find themselves at the mercy of the brokers once they reach China, and are sold for between $3,000  and $13,000 to Chinese men.

Determining the extent of illegal cross-border marriages in China is challenging due to the clandestine nature of these activities. But the most recent data from the UK’s Home Office suggests that 75% of Vietnamese human-trafficking victims were smuggled to China, with women and children making up 90% of cases.

The Woman from Myanmar, an award-winning documentary from 2022, follows the story of a trafficked Myanmar woman who was sold into marriage in China. The film exposes the harsh realities faced by many trafficked brides.

It captures not only the coercion and abuse many of these women endure, but also their struggle for autonomy and survival in a system that treats them as commodities. Larry, a trafficked woman who features in the documentary, explained that she saw her capacity to bear children as her pathway to survival.

The Chinese authorities constantly warn of scams involving brides purchased from abroad. In November 2024, for example, two people were prosecuted over their involvement in an illegal cross-border matchmaking scheme. Chinese men were lured into extremely expensive “marriage tours” abroad with promises of “affordable” foreign wives.

There have also been cases where the undocumented brides themselves have disappeared with large sums of money before marriage arrangements are completed.

China’s marriage crisis has far-reaching implications for the country’s demographic future. A shrinking and ageing population is often cited as the greatest challenge for Chinese economic growth and social stability. Beijing has resisted this characterization, saying that constant technological innovations will continue to drive economic growth.

The labor force is undoubtedly important when it comes to economic growth. But according to Justin Lin Yifu, a member of the Chinese People’s Political Consultative Conference advisory body, what matters more is effective labor — the product of both the quantity and quality of the labor force.

China has increased its investment in education continually over recent years in anticipation of future challenges surrounding its ageing population.

But, notwithstanding this, an even greater concern is the large number of leftover men, as this could pose a serious threat to social stability. Studies have found a positive correlation between high male-to-female sex ratios and crime rates both in China and India, where there is also a significant gender imbalance.

In China, research has found that skewed male sex ratios have accounted for around 14% of the rise in crime since the mid-1990s. And in India, modelling suggests that a 5.5% rise in the male sex ratio would increase the odds of unmarried women being harassed by more than 20%.

The question of who China’s leftover men will marry is becoming a pressing issue for Beijing. The government’s response will shape the country’s future for decades to come.

THE CONVERSATION VIA REUTERS CONNECT

Ming Gao is a research scholar of East Asia Studies in History Division at Lund University. She receives funding from the Swedish Research Council. This research was produced with support from the Swedish Research Council grant “Moved Apart” (nr. 2022-01864). Ming Gao is a member of Lund University Profile Area: Human Rights.

EU school teachers strike for equal rights, union protection

REUTERS

BRUSSELS — Around 400 teachers and students from European Union (EU) schools in Brussels went on strike for half a day on Wednesday to protest against employment conditions for locally hired teachers, including the absence of union representation and a teachers’ pension plan.

European Union schools serve about 28,000 children of EU institution staff and diplomats, with European Commission President Ursula von der Leyen among their alumni.

About half the teaching staff are provided by EU member states and the rest — the segment for whom the strike was staged — are hired locally, paid less and not protected under EU law.

“We lack official teacher status, a teachers’ pension, and the right to unionize,” said Belgian Social Sciences teacher Lucile Henry.

“It’s embarrassing,” she added.

Protesters — who included parents — want a legal framework to be put in place for union delegation, which would allow teachers to organize and defend their rights.

Andreas Beckmann, Secretary-General of EU schools, said in a statement that many of the requests could be easily translated into concrete proposals and that there already is “a well-established social dialogue with elected staff representations.”

Tom Holvoet, union secretary of the Christian trade union ACV Puls, said that the formation of an actual union would be a first step to improving the situation of locally hired teachers.

A final full-day strike is scheduled for April 1st. — Reuters

Micromanaging at a small business

I’m a newly hired department head at a small family business with over 200 workers. The matriarch is the chief executive officer (CEO). The problem is that she requires every petty cash disbursement to be approved by her. Department managers are not given discretionary authority for small things. Almost everything must have the CEO’s approval, even leave applications. Isn’t this another form of micromanagement that reduces the authority of managers? — Frustrated Heart.

That means you have not done your homework before accepting the job. Your situation is typical of many family-owned small businesses. But that’s OK. I’ve seen it happen almost everywhere, even in medium-sized corporations. In certain cases, every single transaction must bear the CEO’s signature, with nearly no exceptions.

It’s one reason why the CEO’s table is often a mess and that it takes people several days to obtain approval. That’s not happening in many dynamic organizations that empowers and trusts managers to exercise their problem-solving and decision-making skills.

They typically have levels of authority that are well-defined among senior executives, department managers, and first-level supervisors. Levels of authority are based on factors like the size of the company, the hierarchical structure, financial capacity, volume of daily transactions and other issues.

As a control measure, limitations vary by executive, who hold varying degrees of power and decision-making authority. Another reason for this is to distribute the tasks to trusted executives. In your case, I suppose that’s also happening with the CEO co-signing with its chief financial officer (CFO) who could be the matriarch’s son or daughter.

In a major organization, the CEO and CFO may co-sign for up to $500,000 per transaction, for example, while senior vice-presidents, first vice-presidents, vice-presidents, and assistant vice-presidents may co-sign any transaction worth not more than $300,000, and directors, managers, and assistant managers have the authority to approve $200,000 per transaction. In certain cases, the limits lower than that.

In general, however, supervisors, assistant supervisors, and line leaders don’t have any authority except to make recommendations and execute all instructions from their superiors, except when they are empowered to make simple decisions that don’t require expenditure.

For example, deciding on administrative matters like work schedules, leave applications, reassigning people to other departments, managing conflict among the workers, and handling employee discipline.

MICROMANAGEMENT?
What can you do? Frankly speaking, there’s nothing you can do, unless you are brave enough to bring the matter to the CEO, who may consider your action to be out of bounds. Different organizations, big and small, have their own policies and standards, including having all financial transactions, regardless of their value, be run past the CEO.

Therefore, think hard before rocking the boat. Anyway, it’s not a death sentence. Instead, focus on how you can excel in doing your job. In due time, you may become part of the trusted family circle, even if you’re not related to them by blood. If you’ve shown your capacity, sooner or later, you may work towards changing their management style, and become one of the trusted signatories.

Now, here’s a question: Would you prefer a bird in your hand or two in the bush out there? You know what I mean. Play it safe. Control your emotions. Endure their current practices even if doesn’t match your management style. After all, having a job with few oddities is better than nothing.

To put this in concrete terms, would you rather have a lucrative job where you’re not trusted (like other department managers) or receiving less in an organization that treats you like a family member who is given a decent authority to sign many documents representing important transactions?

THINKING
“Thinking is more exhausting than sensing,” says Rolf Dobelli in The Art of Thinking Clearly (2013). Rational consideration requires more willpower than simply giving in to intuition. In other words, intuitive people tend to scrutinize less. This mindset is supported by Israeli-American psychologist Daniel Kahneman (1934-2024).

In his book Thinking, Fast and Slow (2013), Professor Kahneman who was awarded the 2002 Nobel Memorial Prize in Economic Sciences (with Vernon Smith) makes a distinction between fast and slow thinking. Fast thinking is called System 1 which is intuitive and emotional.

On the other hand, System 2 is about slow thinking which is more deliberative and logical.

In your particular case, would you rather be emotional or logical? The choice is yours. If you’re less than pleased with the governance style of your CEO, then what would you do? Is it her way or the highway?

 

Bring Rey Elbo’s leadership program called “Superior Subordinate Supervision” to your management team and discover the three root causes (style, system, and situation) in every workplace issue. E-mail elbonomics@gmail.com or via https://reyelbo.com for free consultation. Anonymity is guaranteed.

Growth mindset and Blue Zones

Have you ever wondered why some people succeed yet some people who are equally talented do not? For years, Stanford University Professor Carol Dweck, a psychologist, studied this and concluded that people’s mindset plays a crucial role in this process.

What is a growth mindset and how does one develop it for success? This was the topic at the Philippine National Bank’s  (PNB) thanksgiving event held on March 7 in Citadines Hotel, Bacolod, presented by licensed psychologist and guidance counselor Rebecca Lanes, associate professor at Bacolod’s University of St. La Salle.

A growth mindset, as coined by Dr. Dweck, is “the belief that our abilities and intelligence grow and can be developed through dedication, hard work, and persistence. It therefore encourages resilience, adaptability, and a passion for learning, allowing individuals to thrive through life’s challenges.”

The opposite of a growth mindset is a fixed mindset, or when people believe that their abilities are set and can’t be changed — you either have it or you don’t, so there is no need to learn. Effort is looked at as a waste of time since it won’t change anything. Challenging situations are avoided and considered as threats. It is the belief that you are not in control of your abilities, and that you don’t need to learn and grow because you can’t. People with fixed mindsets focus on performance and how they look, only ensuring they don’t look bad. They fear failure because it makes them look bad, so they avoid challenges and become less resilient in the face of obstacles. They see no value in feedback, taking them personally and becoming defensive as they don’t believe in their capacity to grow.

Dr. Dweck said a growth mindset is a foundation for learning. The belief that you can grow is powerful and a concept that has helped many people. People with a growth mindset believe that their skills and abilities can grow and develop over time — thus, they focus on their efforts and the process to learn and be better. Mistakes are seen as learning opportunities, akin to John Maxwell’s “Failing Forward” philosophy. People with growth mindsets can embrace life’s challenges and take constructive criticism as steps to learn and improve.

Is a growth mindset important in business? Definitely! With the belief that abilities are built, people can focus on efforts to learn and grow. This matters as it allows people to embrace innovation and risk-taking and foster a culture of learning, development, adaptability, and resilience.

One can improve at any age. It’s good to start young and to believe that talents can be developed with hard work, good strategies, and practice. Remember, when we were toddlers, we fell many times but stood up again and again.

How can we develop a growth mindset? Ms. Lanes said there are four ways:

– Practice self-awareness, such as your strengths and weakness

– Emphasize effort and talent. You may have natural talent but if not exercised or developed, one with no natural talent can overtake you through regular practice.

– Seek feedback to improve and learn from mistakes.

– Take calculated risks and experiment.

Meanwhile, a day earlier at the PNB customer appreciation dinner held at Citadines Iloilo, we had Louie Tirador, former president of the Philippine Heart Association’s Western Visayas chapter and also a farmer and an entrepreneur as our guest speaker. He spoke about the Blue Zones, where people have exceptionally long lives, happy and healthy. These include Okinawa, Japan; Sardinia, Italy; Ikaria, Greece; Nicoya, Costa Rica; and Loma Linda, California. In these zones, local whole food diets, physical activity, good sleep, strong spiritual life and positive attitude and low stress play an important role. He also emphasized rich social interactions, family and friends’ support. The term Blue Zones was coined by Blue Zones founder Dan Buettner, a National Geographic Explorer and fellow and journalist.

The visit to Iloilo and Bacolod was informative, fruitful and fun. The PNB board and advisors met clients, renewed relationships with old friends and gained new ones, did some sightseeing and even had a whole day planning session. Thank you to the thorough preparations by PNB Marketing Head Jen Ng, PNB Branches Head Caloy Dimaano, PNB Corporate Secretary Atty. Pam Tanghal, and the support of the wonderful PNB staff in Iloilo led by Tracey Sio and in Bacolod by Russel Lau. We headed back home with our minds filled with good learnings, our hearts and spirits with joy, and our stomachs with Negros delicacies.

Let’s start to have a growth mindset and believe we can always learn and improve. Continuous lifelong learning is in. Let’s also start moving, walking, eat healthy, and start connecting with friends and family. Here’s to our health, continuous learning and a better tomorrow!

The views expressed herein are the author’s own and do not necessarily reflect the opinion of her office as well as FINEX.

 

Flor G. Tarriela is a banker and finance person by profession, an environmentalist, and a gardener and farmer.

Stuff to Do (03/21/25)


Visit Araneta City for Earth Hour

ARANETA CITY will join the global Earth Hour movement on March 22, from 8:30 to 9:30 p.m., when the center will power down in sync with millions of participants around the world. The lights of its landmarks, establishments, and streets will be off for that hour. The LED ceiling of the Quantum Skyview at Gateway Mall 2 will also feature Quantum Wildlife: The Flight of Haring Ibon, from March 22 to 30, a photo and video exhibit by wildlife photographer and filmmaker Vinz Pascua of Haring Ibon PH. It aims to raise awareness of the country’s endangered bird species. At Farmers Plaza, the SustainaBILIty: A POP QC Eco Fair will be held from March 21 to 23, in partnership with the local government of Quezon City. It will showcase local businesses championing eco-friendly products and responsible consumption.


Join 7-Eleven for Earth Hour

CONVENIENCE store 7-Eleven is joining the Earth Hour movement on March 22, from 8:30 to 9:30 p.m. Over 4,000 7-Eleven stores nationwide will turn off their lights for that hour. It is just one of the store’s many eco-friendly initiatives, the latest of which was the “Good Coffee, Good Habits” campaign. The initiative motivates customers to bring their own reusable cups or tumblers on their daily coffee run.


See The Unbreakable Boy at Ayala Cinemas

THE film The Unbreakable Boy, starring Zachary Levi and Meghann Fahy, is opening exclusively at Ayala Malls Cinemas on March 26. It is based on the book of the same name based on a true story. It follows parents Scott and Teresa (played by Levi and Fahy) who discover that their son has both autism and brittle bone disease. The film follows the family becoming “unbreakable” and finding joy, gratitude, and courage even in the most trying times. The Unbreakable Boy is directed by Jon Gunn, whose filmography includes feel-good dramas and faith-based films.


Join Theodore’s eco-cleaning workshop for househelp

TO CELEBRATE International Women’s Month, Theodore’s Home Care announced that it will be holding a complimentary Healthy Home Essentials Workshop. This event is designed to help busy homemakers make the switch to all-natural cleaning by training their household help. It’s also an opportunity for eco-conscious women to elevate their cleaning routines with sustainable and all-natural products and techniques. The workshop will teach participants the best practices for using Theodore’s products for maximum effectiveness and minimizing waste. The workshop will be held on April 5 and 12, 9 to 11 a.m., at Classica Tower 2, 114 HV dela Costa St. in Salcedo Village, Makati City. To get access to these complimentary sessions, purchase Theodore’s Home Care Healthy Homes Essentials Set which retails at P2,900. The set includes: Cockroach Spray (repels cockroaches without the toxic fumes); All-Purpose Scrub; Dust Buster (traps and repels dust); Dust Mite Spray; Mirror & Faucet Cleaner; and Lazy Housekeeper (a three-in-one all-purpose cleaner that deodorizes, degreases, and disinfects). The products are thoughtfully formulated and made only in small batches, ensuring freshness of their ingredients. Every bottle is recyclable, refillable, and reusable. Theodore’s Home Care products are available on their official website. Select products can be bought at Sesou Nature Source in Ayala and Robinsons malls, Apotheca, and Gourdo’s outlets.


Listen to STAYC’s new album

SIX-MEMBER Kpop girl group STAYC has returned with the release of their fifth album [S]. Available now on all major streaming platforms, this album shows a transformation from the group’s signature charming energy to a more edgy aesthetic. It comes after a five-month break, titled to capture the ideals of “Sensual, Sophisticated, Self-esteem.” The title track, “BEBE,” is a funky house number that fans can dance to. [S] is out now on all digital music streaming platforms.


Check out Watsons’ Women’s Month campaign

WATSONS PHILIPPINES has launched #UnstoppablePowHER, a campaign dedicated to empowering women through a diverse range of health and beauty products, from vitamins and sanitary protection to skincare and cosmetics. It aims to provide everything women need to “feel confident, healthy, and unstoppable,” according to their statement. Its website, social media pages, and app now contain educational content led by pharmacists and beauty advisors, offering women advice on health, wellness, and beauty. This follows Watsons Philippines’ support of Women’s Run PH on March 9. To take part in upcoming initiatives and programs, the Watsons app is available on the App Store and Google Play.


Listen to Thai band Slot Machine’s new single

THAI ROCK BAND, Slot Machine, has released an English-language single titled “Skyline.” The anthem aims to capture “the rush of being on the edge of something new and electrifying,” the band said. It is executive produced by Grammy-winning hitmaker Ryan Tedder and produced by Andrew DeRoberts. The lyrics are penned by DeRoberts and Irish singer-songwriter Robert Grace. “Skyline” is out now on all digital music streaming platforms.


Listen to JADE’s new single

THE recently released track by JADE, titled “FUFN” (Fuck You For Now), was co-written with music icon RAYE, Dave Hamelin, and co-produced by Lostboy. It is a dramatic pop song that was teased during the new Fendi campaign for their Mamma Baguette bag, which JADE stars in. “It’s the channeling of female rage into a badass big pop banger,” JADE said in a statement. “FUFN” is out now on all digital music streaming platforms.

Creative economy’s share in GDP steadies at 7.3% in 2024

THE VALUE of the Philippines’ creative economy neared P2 trillion in 2024, the statistics agency said on Thursday. Read the full story.

Creative economy’s share in GDP steadies at 7.3% in 2024

SM Prime targets 2026 completion for SixE-com Center in Pasay

SM PRIME HOLDINGS, INC. expects to complete the SixE-com Center office development in Pasay City by 2026, aligning with its portfolio expansion amid anticipated demand growth.

SM Offices, the property developer’s office business unit, is investing P5 billion in the construction of SixE-com Center, which will be located within the SM Mall of Asia (MOA) complex, SM Prime said in a regulatory filing on Thursday.

SixE-com Center is a pre-certified Leadership in Energy and Environmental Design (LEED) Gold development featuring over 60,000 square meters of leasable space across two linear towers.

“We expect office vacancy rates to peak in 2025 as the market adjusts after the Philippine offshore gaming operators (POGOs) exit. With business outlook improving and interest rates easing, we see demand picking up by 2026,” SM Offices Head and SM Prime Vice-President Alexis L. Ortiga said.

“POGOs are not part of our tenant mix. Our office towers are designed for clients that prioritize operational efficiency, employee well-being, and sustainability,” he added.

Designed by globally renowned architectural firm Arquitectonica, the office project is a mixed-use development with integrated lifestyle amenities, including SM’s signature E-Com Center “Prism Plaza” sky garden and a retail arcade.

SixE-com Center will have direct access to major transport links, including the upcoming Metro Rail Transit Line 3 and Light Rail Transit Cavite Extension. It will also be within walking distance of SM Mall of Asia and SMDC residential towers via elevated bridgeways.

SM Offices has maintained strong occupancy levels, driven by demand from traditional companies, multinationals, and firms in business process outsourcing and knowledge process outsourcing.

As of 2024, SM Offices operates 22 office towers with about 1.6 million square meters of gross floor area, approximately 667,000 square meters of which are in the MOA complex.

On Thursday, SM Prime shares rose by 1.24% or 30 centavos to P24.40 per share. — Revin Mikhael D. Ochave

Threatening Canada is more Putin than Reagan

A STILL from South Park

TO GRASP the aberration of US foreign policy under President Donald Trump, consider an abbreviated history of America’s shifting attitudes toward just one country, Canada.  And start with Ronald Reagan, who stood for the original and genuine version of “peace through strength.”

When signing a free-trade agreement with Canada in 1988, Reagan marveled at the world’s longest land border. “No soldier stands guard to protect it,” the 40th president said. “Barbed wire does not deface it. And no invisible barrier of economic suspicion and fear will extend it.” Canadians and Americans, Reagan remarked on another occasion, are “more than friends and neighbors and allies; we are kin.”

In the current context, three things are notable about Reagan’s sentiments. The first is that most Americans really like Canadians, even if they also struggle to see them as distinct, because Canadians can easily seem like “nicer” versions of Americans. The second is that Reagan oversimplified what has historically been a complicated, often competitive and sometimes contentious relationship. The third is that Americans, in both of those ways, have long regarded Canadians roughly as Russians used to view Ukrainians.

Fast forward to 1999, when the TV series South Park captured the dark side of this ambivalence as only satire can. A gathering of Colorado parents, generally cranky about what Trump would later call “American carnage,” breaks into a chorus. Our kids are failing and we’re frustrated in life: It can’t be our fault, so it must be someone else’s. Ergo, as the chorus has it, “Blame Canada.” As one soloist riffs, “they’re not even a real country anyway.” If South Park were Russian, the song might have been about Ukraine.

That episode aired when Vladimir Putin began his rise to autocratic power in Russia. Then as now, he was convinced that Ukraine isn’t a real country but a historical appendage of the Russian World. He mixed that notion with his premise that world politics is about dominance, and with his method (learned during his years as a KGB agent) of using lies, especially big lies, to get and wield power at home and abroad.

Enter Trump.  For his motto in foreign policy, he’s adopted Reagan’s “peace through strength.” In practice, his approach to diplomacy and strategy is the opposite of Reaganism. Where the Gipper stood for freer trade, Trump stands for economic warfare by tariff. Where POTUS 40 sided unequivocally with America’s allies and stared down its adversaries, 47 disdains friends and flirts with foes. Where Reagan talked and acted kind toward weaker interlocutors such as Ottawa and tough toward menacing ones such as Moscow, Trump does the inverse.

In all those ways, Trump is much closer in worldview to Putin than to Reagan. Hence his repeated insinuations — with echoes of Putin’s threats in the years leading up to his invasion of Ukraine — to annex Canada as the 51st state. Some Canadians, not always tongue-in-cheek, are talking about a looming “Canschluss” (a portmanteau of Canada and Anschluss, Adolf Hitler’s annexation of Austria).

Trump’s preferred tool to effect a Canschluss seems to be economic coercion. Other American presidents have occasionally used anti-dumping duties to nudge Canada to drop its own trade barriers, notably those on lumber and milk; that is legitimate. But when Trump keeps toggling punitive and ruinous tariffs, on and off and on again, he’s after something else: subjugation.

Many of Trump’s threats would hurt America just as much as Canada. His administration has said that it might kick Canada out of the Five Eyes*, a group of countries which share intelligence that could save lives, including those of Americans. It has hinted that the US might pull out of the North American Aerospace Defense Command, in which Canada and the US jointly monitor the northern skies and seas for threats from Russia, China, North Korea, or other bogeys.

In wrapping this campaign into a narrative, Trump has absorbed propaganda lessons from Putin. When the Kremlin prepares to subdue a target such as Ukraine, it first weaves elaborate webs of lies, disinformation, and conspiracy theories. For example, Moscow has variously pretended that Ukraine is led by terrorists, Satanists, and neo-Nazis. What matters to Putin isn’t whether such narratives make sense, but whether they can be used to confuse and dominate. And that’s what Trump has picked up.

One lie that Trump has chosen to assail Canada is that the country is a kingpin in the fentanyl trade that kills tens of thousands of Americans every year. The supply lines of this opioid stretch from Chinese labs to Mexican cartels and (via smugglers who are mostly American) to consumers in the US. Some people have also carried fentanyl across the US-Canadian border, in both directions. But the amount that is smuggled southward is negligible, around 0.2%. If there is a lethal smuggling problem at the border, it goes the other way and involves American guns killing Canadians.

“Portraying Canada as America’s fentanyl enemy is a conspiracy theory,” thinks Timothy Snyder, a historian of Eastern Europe and tyranny. Combined with another big lie — that Canada does not really exist as a nation — it is, he concludes, “a step in a policy designed to soften up Canada for annexation.” When American pundits react mainly by pondering whether Canada would dye Washington politics bluer, they only add to the Canadian shock.

Canada’s politics, unsurprisingly, are in upheaval, as Canschluss dominates the upcoming general election. A new prime minister, Mark Carney, has second thoughts about a contract to buy 88 American-made F-35 fighter jets and is simultaneously wooing Canada’s European partners, with an eye to alternative alliances. Many Canadians are boycotting American goods; some are booing the US anthem at sports games.

It’s hard to overstate what an unprovoked and unnecessary disaster the situation already is. Nobody who voted for Trump last year did so to punish or annex Canada — or indeed Greenland, Panama, or any other place that Trump is picking on. America and the world have many urgent problems, but nobody of sane mind ever thought that the Canadian border was on that list.

Wantonly and whimsically, Trump has alienated and antagonized the people whom Reagan and many Americans long considered not only friends, neighbors, and allies but kin. Nothing about any of this is rational, wise, or normal — and it certainly has nothing to do with “strength.” It is the behavior of a global bully running amok, and just getting started.

BLOOMBERG OPINION

*The US, UK, Canada, Australia and New Zealand.

How PSEi member stocks performed — March 20, 2025

Here’s a quick glance at how PSEi stocks fared on Thursday, March 20, 2025.


DoJ denies planning arrest of Duterte with ICC as Senate body seeks answers

REUTERS

By Adrian H. Halili, Reporter

THE PHILIPPINES’ top prosecutor on Thursday denied having colluded with the International Criminal Court (ICC) to pave the way for former President Rodrigo R. Duterte’s trial for crimes against humanity over his deadly drug war.

The government of President Ferdinand R. Marcos, Jr. did not plan his predecessor’s arrest and surrender to the international tribunal, Justice Secretary Jesus Crispin C. Remulla told a Senate foreign relations committee hearing investigating last week’s events.

“We did not assist the ICC,” he told senators. “We never had contact with them. The investigation that they conducted was through their own methods and we did not, in any way, assist them.”

“We are not members of the ICC, so whatever relationship we have with the ICC is at arm’s length if we have to talk to them. But we have never spoken with them,” he added.

Local police arrested Mr. Duterte after the ICC ordered his arrest and sought the help of the International Criminal Police Organization (Interpol). The tough-talking leader was arrested shortly after arriving from Hong Kong and was put on a chartered plane to the Netherlands on March 11.

The ICC has been investigating Mr. Duterte and his cohorts for crimes against humanity that he allegedly committed when he was still the mayor of Davao City and for the first three years of his presidency, when the Philippines was still a member of the international tribunal.

The war on drugs was Mr. Duterte’s signature campaign platform that swept the mercurial, crime-busting former prosecutor to power in 2016, and he soon delivered on promises made during vitriolic speeches to kill thousands of drug dealers and users.

Senator Maria Imelda R. Marcos, who heads the committee, questioned the jurisdiction of the international court over Mr. Duterte, whose family she considers close friends.

“The Senate will seek answers,” the presidential sister told the hearing. “And if there is indeed wrongdoing, we will put up safeguards so this never happens again.”

The Philippines under Mr. Duterte withdrew from the ICC’s founding treaty in 2019 when it started looking into allegations of systematic extralegal killings.

Mr. Marcos earlier said his government was just doing its job in carrying out the ICC arrest warrant and cooperating with Interpol, adding that it was nothing personal.

During Mr. Duterte’s six years in office, 6,200 suspects were killed during anti-drug operations, by the police’s count. Human rights groups say the deaths could be as many as 30,000.

He could become the first former Asian head of state to stand trial at the ICC, a court that has largely handled cases from African nations.

Several Duterte allies have questioned the validity of his arrest, citing the countries’ exit from the international tribunal’s Rome Statute.

Mr. Remulla noted that despite the Philippines’ withdrawal from ICC, it still has jurisdiction over people and not countries.

“Jurisdiction of the ICC is throughout the world,” he said. “We belong to a community of nations that is tied together by a legal system called the International Humanitarian Law. It is something adopted by more than 150 countries.”

“The ICC tries people for individual crimes, not states. So, the Philippines, as a state, cannot be called upon by the ICC to do something for them. But when the ICC is running after individuals who are Filipino citizens, then that obligation becomes another kind of obligation,” he added.

Defense Secretary Gilberto Eduardo Gerardo C. Teodoro, Jr. also said his agency did not have a hand in Mr. Duterte’s arrest. “No government agency, [including] the Department of National Defense, cooperated with the ICC,” he told senators.

National Security Adviser Eduardo M. Año said the same thing at the hearing.

Earlier, Mr. Marcos said the government would not help the ICC “in any way, shape or form,” since it had no jurisdiction over the Philippines.

Interior Secretary Juanito Victor C. Remulla said the President and members of his Cabinet had only discussed rumors about his arrest warrant from the tribunal.

Mr. Duterte made his first appearance before the ICC on March 14 via video link, where judges informed him about his charges. The ICC scheduled his trial for Sept. 23.

Vice-President Sara Duterte-Carpio joined Thursday’s Senate hearing virtually and said the arrest of her father was “patently an illegal” that was orchestrated by the Marcos government to “demolish political opponents.”

“This is all about politics,” she said.

The ICC, a court of last resort, says it has jurisdiction to prosecute alleged crimes that took place before a member’s withdrawal.