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Jollibee Group empowers Filipino youth as agents of change 

(From Left) Philippine Business Education Executive Director Justine Raagas,School of Knowledge for Industrial Labor, Leadership and Service – Primary Structures Educational Foundation president Paulette Liu, Jollibee Group Foundation president Gisela Tiongson, Jollibee Foods Corporation Philippines chief human resources officer and Jollibee Brand International HR head Ruth Angeles, Jollibee assistant vice president and HR head Anabelle Gosioco, Chowking assistant vice president and HR head Rhea Santos, and Greenwich assistant vice president and HR head Mary Ann Lim join the ceremonial signing of the memorandum of agreement and memorandum of understanding for the YouthWorks PH program last June 6.

With the world home to over 1.8 billion young people—half of them in the Asia-Pacific region—the potential of youth as leaders of tomorrow is undeniable. In the Philippines, the Jollibee Group is dedicated to unlocking this potential, focusing especially on underprivileged communities. 

Jollibee Group’s youth empowerment programs are aligned with its commitment to community support as outlined in global sustainability agenda, Joy for Tomorrow. 

“For years, the Jollibee Group has committed to empowering young Filipinos through sustainable, impactful programs,” said Joseph Tanbuntiong, CEO of JFC Philippines. “Together with our community partners, we continue to use our expertise to create opportunities in education, agriculture, and employment.” 

Creating pathways to employment 

Unemployment remains an issue to many underprivileged Filipino youth, especially during a challenging economic climate. Most of them have lost their jobs or failed to secure stable jobs due to the impacts of the pandemic. According to the Philippine Statistics Authority (PSA), youth unemployment rate in the Philippines as of May 2023 is at 10.6%. 

The Jollibee Group, through its social development arm Jollibee Group Foundation (JGF), has partnered with Philippine Business for Education (PBEd) and USAID to launch YouthWorks PH. This initiative aims to bridge the gap between education and employment, offering training to youth not in education, employment, or training (NEET). The program’s pilot, featuring 26 youth from Cebu City, will provide job-specific training, allowances, and real-world experience in the participating stores of Jollibee, Chowking and Greenwich. 

“We are elated to see the pilot batch of 26 out-of-school youth in Cebu City jump-start this opportunity,” said PBEd executive director Justine Raagas. “This project is a testament to what we can achieve when we break down silos and work together. When government, businesses, educators and communities join forces, we can empower young people, unlock their potential and build a brighter future for all.” 

Equipping young Filipinos 

In collaboration with the Department of Labor and Employment (DOLE), the Jollibee Group is also advancing youth employment through the Special Program for Employment of Students (SPES). This initiative will provide short-term job opportunities to 900 underprivileged youth, equipping them with essential skills for the workforce. 

DOLE Secretary Bienvenido Laguesma underscored the significance of SPES in equipping young Filipinos with the skills and knowledge necessary to thrive in the workforce: “When we invest in our youth, especially those from marginalized sectors, we provide them with the tools and the support they need to reach their full potential.” 

“This collaborative effort carries immense promise for both the Filipino people and the national economy. By working together, we can create a brighter future full of opportunities for our young generation, where businesses flourish alongside a capable and driven workforce. We firmly believe this partnership will empower countless young Filipinos to excel,” Secretary Laguesma added. 

The Jollibee Group has been a long-time partner of DOLE for the SPES. Since 2015, over 800 youths have been previously employed in the company’s commissaries and stores of brands like Chowking, Greenwich and Red Ribbon. 

The Department of Labor and Employment (DOLE) led by Secretary Bienvenido Laguesma (seated, second from right) and the Jollibee Foods Corporation (JFC) led by Ruth Angeles (seated, second from left) have signed a Memorandum of Agreement on the Special Program for Employment of Students (SPES) that will benefit 900 underprivileged students and out-of-school youth in the Philippines.

The Department of Labor and Employment (DOLE) led by Secretary Bienvenido Laguesma (seated, second from right) and the Jollibee Foods Corporation (JFC) led by Ruth Angeles (seated, second from left) have signed a Memorandum of Agreement on the Special Program for Employment of Students (SPES) that will benefit 900 underprivileged students and out-of-school youth in the Philippines. 

Advancing education and agriculture 

This is not the first time the Jollibee Group has undertaken an initiative for the marginalized youth sector. In 2005, the JGF launched the Access, Curriculum, and Employability or ACE Scholarship Program, which provides two types of educational support to underprivileged youth: college scholarships for degrees in Hotel and Restaurant Management or Business Management, and technical skills training scholarships, in partnership with Don Bosco Technical College. 

In 2018, JGF partnered with the Anihan Technical School for the development of the Quick Service Restaurant Operations course, which includes both in-school and in-store training for scholars, improving not only their skills set, but also their employability in the food service industry. 

Since the ACE Scholarship Program started in 2004, JGF has given scholarships to 2,397 students, which includes 1,117 students for agriculture and 139 for technical-vocational skills training. 

The ACE Scholarship Program aligns with the United Nations’ transformative Sustainable Development Goals aimed at bringing peace and prosperity to the world, particularly its Quality Education (SDG4), Decent Work and Economic Growth (SDG8), and Reduced Inequalities (SDG10) pillars. 

Youth in agriculture 

With Philippines as an agricultural country, the Jollibee Group also recognizes the power that young farmers hold to advance sustainable farming practices across regions, as it continues to capacitate youth scholars, farmers, and local farming communities nationwide through its local implementing partners like the Sacred Heart Savings Cooperative (SHSC) in Galimuyod, Ilocos Sur. 

JGF’s Farmer Entrepreneurship Program (FEP) has been enabling several SHSC members and groups through scholarships and training since 2013. FEP centers on developing smallholder farmers’ leadership and technical skills by helping them become direct suppliers of high-quality vegetables to corporate buyers such as the Jollibee Group and ensure their sustainable profitability. 

The SHSC farmers and scholars recently welcomed select press members for a farm tour at Galimuyod, Ilocos Sur, where they shared some of the significant impacts of the FEP program on their farming and marketing techniques, alongside the discussion of the needs of the farmers and the agricultural sector.

The SHSC farmers and scholars recently welcomed select press members for a farm tour at Galimuyod, Ilocos Sur, where they shared some of the significant impacts of the FEP program on their farming and marketing techniques, alongside the discussion of the needs of the farmers and the agricultural sector. 

Positive impact 

The Jollibee Group’s initiatives have had a profound impact on underprivileged youth across the Philippines. Through programs that provide education, employment opportunities, and agricultural training, thousands of young Filipinos are gaining the skills and confidence needed to build better futures. 

“These programs are about more than just creating opportunities—they are about giving our youth the tools to transform their lives and their communities,” said Tanbuntiong. “By working together with our partners, we are fostering a future where every young person has the chance to thrive and make a meaningful impact on the world around them.” 

 


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TUMI celebrates the joy of coming together for the holidays

19 Degree Frame Collection in Black Texture

TUMI, the leading international travel, lifestyle and accessories brand, celebrates the joy of holiday reunions with inspired gift ideas for everyone on your list. Featuring the brand’s signature dynamic and innovative designs elevated with cutting-edge technology, this year’s holiday offerings include new additions to the iconic 19 Degree Aluminum collection, on-trend metallic colorways and the introduction of an eye-catching reflective TUMI logo on select Alpha X bags. The festive lineup also features a curated selection of travel essentials and transportive fragrances¹. No matter where you call home and what holiday traditions you observe, the feeling of coming together is universal. TUMI will take you there.

Premium Pieces for Life on the Move

This holiday season, TUMI introduces four new lifestyle offerings as an expansion of the durable, modern and striking 19 Degree Aluminum collection. Designed for easy crossbody carry with its rotating strap and a removable option for handheld use, the Compact Sling is a stylish and versatile option for holiday parties and more. The other new additions to the performance luxury collection include a Travel Watch Case that offers unparalleled protection for up to three timepieces and an elegant Sunglass Case for top-notch protection of your or your loved one’s TUMI sunglasses.

Dazzling Looks for Day and Night

There’s no better time than the holidays for a little sparkle and shine. This year TUMI introduces Pewter Metallic, an on-trend sparkly leather colorway to elevate any look. The Asra Small Crossbody in Pewter Metallic is perfect for a night out or holiday party, offering just the right amount of shimmer and elegance while keeping your essentials within reach. Crafted from softly textured leather, the Voyageur Vail Medium Tote in Pewter Metallic is ideal for carrying daily essentials and features a crossbody strap for added comfort and versatility. Also new this season is Silver Sky, a cool gray with a metallic sheen reminiscent of winter skies. Available in the Celina Backpack, Madeline Cosmetic and more, this modern colorway adds a bright touch to the holiday season and makes for a functional and fashionable gift.

Eye-Catching Essentials for the Modern Traveler

TUMI Alpha Collection in Reflective TUMI Jacquard

A striking new addition to the TUMI Alpha collection of high-performance business and travel pieces, Reflective TUMI Jacquard offers a unique take on festive sparkle. The eye-catching reflective print with an oversized logo placement adds a fresh and modern spin on key products such as the International Dual Access Carry-on, Brief Pack and Double Expansion Satchel. The bold design element adds a contemporary edge to our iconic logo, providing the perfect blend of style and functionality for the modern traveler.

Thoughtful Gifts for Pursuing Their Passions

This holiday season, TUMI also offers an array of gifts that speak to life’s passions, from sports to travel. As the official luggage partner of the PGA TOUR, PGA TOUR Champions and LPGA Tour, TUMI’s Golf collection blends flawless functionality, unmatched quality and uncompromising attention to detail in an array of bags and accessories.

For the discerning traveler in your life, TUMI’s latest Packing Cubes available in small, medium and large sizes with black and light mauve as core colorways provide maximum organization with a personal touch through custom embroidery options. With a designated place for a passport as well as cards and other documents, the Belden Zip-Around Passport Case makes it easy to keep travel essentials secure and stylishly organized. For those seeking an easy way to personalize luggage, the newest Luggage Strap comes in seasonal olive and core colorways of light mauve and black to dress up any journey.

Harnessing the transportive power of scent and the iconic design language of one of its signature collections, TUMI also recently unveiled two powerful fragrances for men. TUMI 19 Degree Extrait De Parfum¹ is a precise blend of saffron, suede, and musk, while Dusk¹ features timeless notes of bergamot, neroli, and lemon. Both bottles feature the iconic contours of 19 Degree, making them a stylish addition to any traveler’s collection.

Discover these gift ideas and more at your nearest TUMI store and TUMI.com.

Full Media Kit is HERE.

 


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[B-SIDE Podcast] Understanding the 12% VAT on digital services providers in the Philippines

Follow us on Spotify BusinessWorld B-Side

The Philippines has recently enacted Republic Act No. 12023, which imposes a 12% value added tax on digital services providers, both resident and non-resident.

In this B-Side episode, BusinessWorld discusses some of the ramifications of the law with Pia Rodrigo, a communications officer of Action for Economic Reforms, an independent, reform-oriented policy group.

Interview by Edg Adrian A. Eva
Audio editing by Jayson Mariñas

Follow us on Spotify BusinessWorld B-Side

A gift of online security: Free Whoscall Premium Basic for all GoTyme Bank customers

Whoscall, a global anti-scam application, has teamed up with GoTyme Bank, one of the fastest-growing banks in the Philippines, to offer GoTyme Bank users six months of free Whoscall Premium Basic.

This special Christmas gift from Whoscall and GoTyme Bank aims to enhance online safety, ensuring that GoTyme Bank customers can securely access and manage their hard-earned money in the digital space.

Mel Migriño, Country Head of Gogolook Philippines, the developer of Whoscall, highlighted that this initiative reflects the strong partnership between the two companies.

“This comes at just the right time, as we embrace the season of giving and many are out shopping. However, we must remain thoughtful and responsible in our generosity and spending,” Ms. Migriño said.

Meanwhile, GoTyme Bank Co-CEO Albert Tinio emphasized the critical importance of online safety, particularly in the realm of banking.

The strong partnership with Gogolook is aligned with the bank’s aim to be the most secure and reliable bank in the country. “Together with Gogolook, we aim to provide our valued customers with robust security to protect their personal information and help them avoid various online scams,” Mr. Tinio said.

Whoscall offers free services designed to enhance user safety and security.

These include Caller Identification, which helps users recognize scam and spam calls; Web Checker, which provides instant alerts if users accidentally access phishing websites; and ID Security, enabling users to check for personal data breaches and take proactive steps to safeguard their information.

With the free Whoscall Premium Basic subscription, GoTyme Bank users can also take advantage of advanced features like SMS URL Auto Scan, Auto Block, and automatic updates to its extensive database.

The program with GoTyme Bank offers all users the chance to enjoy Whoscall Premium Basic free for six months, with the digital bank actively promoting this offer in-app whenever users log in through the GoTyme Bank App.

GoTyme Bank users are supported with step-by-step guidance on installing Whoscall and redeeming the special offer through the GoTyme Bank Blog, ensuring a safer, scam-free holiday season.

#DapatAllMagHoHoWhoscall

As part of its ongoing campaign, #DapatAllMagWhoscall, which focuses on educating Filipinos about online scams, Whoscall recently launched its official Christmas campaign, #DapatAllMagHoHoWhoscall.

During the launch, Ms. Migriño emphasized the importance of the initiative in guiding Filipinos through the Christmas season, a time when scams are particularly rampant.

“We launched the #DapatAllMagHoHoWhoscall campaign in November to raise public awareness, as Christmas is one of the most exploited seasons for scammers,” Ms. Migriño explained.

“They use various schemes, such as delivery scams, relative scams, and many other online fraud tactics,” she added.

The campaign also encourages Filipinos to adopt anti-scam tools like Whoscall, promoting stronger personal online safety for everyone during the holiday season.

 


Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

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Malaysian company finds opportunities in Philippine retail and F&B market

Wai Hong Fong, chieftain and co-founder of Malaysian company StoreHub, talks to BusinessWorld about the unique opportunities found in the Philippine retail and F&B market.

Interview by Patricia Mirasol
Editing by Jayson Mariñas

Globe secures double win at ACES Awards 2024 for industry leadership and workplace excellence

Nico Bambao (middle), Globe Vice President for People Experience, receives one of two awards on behalf of Globe at the ACES Awards 2024.

Globe has earned two prestigious recognitions at the Asia Corporate Excellence & Sustainability (ACES) Awards 2024, where it was named as one of the Top Workplaces in Asia and Industry Champions of the Year.

It was the 5th time for Globe to win in the Top Workplaces category and the 4th in the Industry Champions category, underscoring the company’s excellence in digital transformation, workplace inclusivity, employee development, and sustainability initiatives.

“It is particularly commendable that Globe has once again emerged as a winner of the ACES Awards, showcasing sustained excellence and leadership over the years,” said Dr. Shanggari Balakrishnan, President of the ACES Awards.

Additionally, in an official statement, the ACES Council emphasized Globe’s exceptional leadership in the telecom sector, characterized by its innovative digital solutions and steadfast commitment to sustainability.

“Their comprehensive approach to fostering a diverse, inclusive, and empowering workplace, along with their strategic initiatives in digital transformation, sets them apart as an industry leader. These accolades highlight Globe Telecom’s dedication to excellence, employee well-being, and creating a positive impact on society and the environment,” said the Council.

ACES has been honoring business excellence across Asia since 2014, celebrating outstanding achievements in leadership, sustainability, and corporate social responsibility. This year, ACES received a record number of 682 nominations, reflecting the growing recognition of excellence and innovation in the region.

The ACES 2024 awards ceremonies were held at the InterContinental Hotel, Bangkok, on November 14 for the sustainability category, and November 15 for leadership.

“These awards celebrate our focus on innovation, inclusivity, and sustainability,” said Renato Jiao, Globe’s Chief Human Resource Officer. “We are committed to creating opportunities and nurturing environments where our people can grow and flourish. This honor reflects the collective effort of our team and motivates us to continue fostering positive change for both the society and the environment.”

Globe is deeply committed to its employees, fostering a diverse and inclusive workplace, as evidenced by 44.3% of its workforce being female. The company also has policies supporting same-sex and common-law partners as qualified dependents.

Overall, the company has a 92% engagement rate among its employees, three points higher than global telco and Philippine averages.

In 2023, Globe invested Php 63 million in employee learning and development, offering programs like the Globe Technical Cadetship and General Management tracks to enhance skills and leadership, further solidifying its role as a top employer.

The telco also leads in sustainability, working toward achieving a net-zero carbon emission target and promoting circularity and biodiversity conservation.  Significant investments in renewable energy and resource efficiency highlight Globe’s proactive approach to environmental stewardship, setting industry benchmarks for sustainability and corporate responsibility.

To learn more about Globe, visit www.globe.com.ph.

 


Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.

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Climate change putting Philippines at double risk of typhoons, scientists say

PHILIPPINE STAR/ MIGUEL DE GUZMAN

SINGAPORE – Climate change is making the Philippines more vulnerable to tropical storms, with rising temperatures already putting the country at nearly double the risk of deadly typhoons, scientists said in a report published on Thursday.

The unprecedented formation of four typhoons around the Philippines last month was made 70% more likely as a result of global temperature rises of 1.3 degrees Celsius (2.3 degrees Fahrenheit), researchers with the World Weather Attribution group said in a report published on Thursday.

Though scientists are cautious when it comes to attributing individual weather events to climate change, the consensus is that warmer oceans are intensifying rainfall and wind speeds across the globe.

“Climate change made the conditions that formed and fueled the typhoons nearly twice as likely,” the group said.

Hundreds of thousands of people were evacuated and more than 170 people killed during an unprecedented sequence of six tropical cyclones that landed in the country in October and November, raising concerns that storm activity was being turbocharged by higher sea surface temperatures.

“The storms were more likely to develop more strongly and reach the Philippines at a higher intensity than they otherwise would have,” said Ben Clarke, a weather researcher at Imperial College London, one of the report’s authors.

If temperatures rise to 2.6 Celsius above pre-industrial levels, those same storm conditions would be 40% more likely compared to now, he added.

An analysis published last month by U.S. weather researchers Climate Central said that hurricanes had intensified significantly as a result of record-breaking ocean warming, with wind speeds up by 18 miles per hour (29 kph).

Scientists believe warmer ocean temperatures are intensifying tropical storms by increasing the rate of evaporation. The Intergovernmental Panel on Climate Change said in its latest assessment that there was “high confidence” that global warming would make storms more intense.

It is still unclear whether or not rising temperatures would extend the normal typhoon season or make tropical storms more frequent, but climate activists are concerned.
“We used to have what we called a hazard calendar – now it is just basically the whole year around,” said Afrhill Rances, the Philippines’ representative with the International Federation of Red Cross and Red Crescent Societies. – Reuters

Singapore, Vietnam firms in talks for new undersea cables, sources say

TRUSTPAIR.COM

 – Singaporean asset manager Keppel and Vietnamese conglomerate Sovico Group are discussing plans for new undersea fiber-optic cables that would boost the region’s data center industry, people familiar with the discussions said.

Southeast Asian countries, a major junction for cables connecting Asia to Europe, are seeking to expand their networks to meet booming demand for AI services and data centers. Vietnam alone plans to have 10 new submarine cables by 2030.

Undersea cables are at the center of the Sino-American tech war, with the two powers vying to win contracts, especially in Asia, to build and maintain the strategic infrastructure that carries most internet data, including sensitive information.

Under one plan under discussion, a cable would be laid to link Vietnam directly with Singapore, five people directly involved or briefed on the matter said.

It would cost $150 million, according to one source with direct knowledge of the talks.

This option is favored by Sovico, but talks with Keppel on the direct cable are in flux and no agreement has been reached yet, two sources with direct knowledge said.

They added that Keppel prefers a more ambitious cable plan involving a consortium of investors.

Under that second plan, the connection to Vietnam developed by Sovico would be an offshoot of a longer cable, three people said, with one noting it would run from Singapore to Japan with links to countries along the route.

The sources declined to be named because the information was not public.

Sovico, a conglomerate whose operations include aviation and banking, has recently announced plans on data center development. It did not respond to requests for comment.

Keppel agreed in November to buy an AI-ready data center facility in Japan. Singapore is a major hub for data centers and undersea cables, but the small island-state has nearly saturated its data usage capacity.

A spokesperson for Keppel declined to answer Reuters questions about the two cable plans, saying: “We do not comment on market speculation.”

A Sovico executive mentioned the company’s cable plans with Keppel late last month in an internal meeting with Vietnam’s Prime Minister Pham Minh Chinh and other companies involved in the digital economy, one of the meeting participants told Reuters.

Vietnam’s government office and the foreign affairs ministry did not reply to requests for comment.

 

US-CHINA COMPETITION

Under the preliminary plans, no decision had been made about who would build either of the cables, but two people familiar with the talks said Chinese contractors would not be involved in the possible direct link between Vietnam and Singapore.

Sovico was briefed by U.S. officials about alleged risks linked to choosing Chinese contractors for the cables, two people with direct knowledge of the talks told Reuters.

U.S. officials and consultants have organized multiple briefings with Vietnamese and Singaporean officials in recent months to discourage them from using HMN Technologies, part of a global campaign to contain the rise of the Chinese contractor, Reuters exclusively reported in September.

The two projects are separate from possible investments previously announced by Vietnamese companies in four new undersea cables, of which two would be built by Japan’s NEC, and one by China’s HMN Tech to connect Vietnam to existing international cables, according to public information.

The fourth was announced in April by Vietnam’s state-owned telecom firm Viettel and Singapore’s Singtel and would link Vietnam directly to Singapore under a preliminary plan. No building contract has been announced.

Vietnam, with a population of nearly 100 million, is a large market for online platforms, but is currently connected to the global internet infrastructure through only five undersea branches to international cables.

Its plans to triple the number of its cables are seen by industry experts as a possible boost to its chances of becoming an alternative regional data center hub, despite power supply issues and strict data regulations. – Reuters

China says Philippines has ‘provoked trouble’ in South China Sea with US backing

FISHERMEN from Masinloc, Zambales province in northern Philippines released on Monday an 18-foot-tall buoy on which it is written: “Atin ang Pinas” (The Philippines is ours). Fisherfolk in Zambales, whose coast faces the South China Sea, are protesting China’s “continued harassment” of Filipino fishermen at the Scarborough Shoal. — PHILIPPINE STAR/MICHAEL VARCAS

 – China accused the Philippines on Friday of having “provoked trouble” in the South China Sea with U.S. backing, a week after Beijing and Manila traded accusations over a new confrontation in the disputed waters.

“The Philippine side, with U.S. support and solicitation, has been stirring up trouble in many spots in the South China Sea,” Wu Qian, a spokesperson for China’s defense ministry, said on its official WeChat account.

“The Philippines is well aware that the scope of its territory is determined by a series of international treaties and has never included China’s” Spratly Islands and Scarborough Shoal, he added.

Beijing and Manila have been involved this year in a series of confrontations at reefs and outcrops in the South China Sea, which China claims almost in its entirety.

The Philippines, Brunei, Malaysia, Taiwan and Vietnam also claim parts of the sea. They are concerned China’s expansive claim encroaches into their exclusive economic zones (EEZ), non-territorial waters that extend 200 nautical miles (370 km) from the coasts of a nation’s land.

The Philippines’ National Maritime Council and its National Security Council did not immediately respond to a request for comment on the latest remarks from Beijing.

The U.S. Navy’s 7th Fleet also did not immediately respond to a request for comment.

Philippines officials said last week that Chinese coast guard vessels had fired water cannon and side-swiped a Manila fisheries bureau boat on the way to deliver supplies to Filipino fishermen around the Scarborough Shoal, a move that drew condemnation from the U.S.

China’s Coast Guard said that four Philippine ships had attempted to enter waters it described as its own around the Scarborough Shoal, which Beijing calls Huangyan Island.

China submitted nautical charts earlier this month to the United Nations that it said supported its claims to the waters, which a 2016 international tribunal found to be a long established fishing ground for fishermen of many nationalities.

Following the charts’ submission, a spokesperson for the Philippines’ National Maritime Council, said China’s claims were baseless and illegal.

The 2016 tribunal ruled that China’s claim had no basis under the UN Convention on the Law of the Sea (UNCLOS), and that its blockade around the Scarborough Shoal was in breach of international law.

Beijing has never recognized the decision.

Sovereignty over the Scarborough Shoal has never been established.

The Philippines and other members of the Association of Southeast Asian Nations have spent years negotiating a code of conduct with Beijing for the strategic waterway, with some nations in the bloc insisting that it be based on UNCLOS.

EEZs give the coastal nation jurisdiction over living and nonliving resources in the water and on the ocean floor. – Reuters

Amazon donating $1 mln to Trump inaugural fund, to air event on Prime Video

REUTERS

Amazon is donating $1 million to U.S. President-elect Donald Trump’s inaugural fund and the company will air the event on its Prime Video service, an Amazon spokesperson said on Thursday.

The Prime Video represents an in-kind donation worth another $1 million, the spokesperson said. The donations were first reported by the Wall Street Journal.

Amazon joins another tech giant, Meta Platforms, in donating to the Jan. 20 Trump inauguration. Meta will also give $1 million, a company spokesperson said.

Jeff Bezos, Amazon’s founder and executive chairman, will meet with Trump next week, the president-elect said on Thursday in an interview with CNBC.

Trump has criticized the coverage of his first term as president by the Washington Post, which is owned by Bezos.

The Post decided not to endorse a candidate in the November presidential election. The decision blocked an endorsement of Democratic candidate Kamala Harris, according to National Public Radio.

Bezos defended the move not to issue an endorsement, saying in an opinion piece in the paper that “most people believe the media is biased” and the Post and other newspapers needed to boost their credibility.

Trump raised a record $106.7 million for his 2017 inauguration festivities. – Reuters

Breaking silence on possible drills, China says will not be soft on Taiwan independence activities

CHINESE AND TAIWANESE flags are seen in this illustration, Aug. 6, 2022. — REUTERS

 – China’s defense ministry on Friday broke its silence about days of military activities around Taiwan, saying it was up to China to decide whether or not to hold drills and the military would “not be absent” in fighting against separatist forces.

Taiwan’s defense ministry on Monday went on the alert and activated an emergency response center after reporting a large rise in Chinese military activity, both around the island and more broadly in the East and South China Seas.

China’s military had made no announcement about any drills taking place. Beijing views democratically governed Taiwan as its territory – a claim rejected by the government in Taipei which says only Taiwan’s people can decide their future.

In a statement responding to a question on Taiwan President Lai Ching-te’s recent visits to Hawaii and the U.S. territory of Guam and whether or not China has held drills, China’s defense ministry offered neither confirmation nor denial, though quoted from ancient Chinese military tactician Sun Tzu.

“Just as water retains no constant shape, so in warfare there are no constant conditions,” the ministry said, an expression of Sun’s that means war conditions are unpredictable and constantly in flux.

“Whether or not to hold exercises and when to hold them is a matter for us to decide on our own according to our own needs and the situation of the struggle,” it added.

“Regardless of whether or not exercises are held, the People’s Liberation Army will not be absent and will not be soft in its fight against independence and for reunification.”

Any reliance on “foreign forces to seek independence” – the usual wording China uses to warn the United States off supporting Taiwan – will be severely punished and is “doomed to failure”, the ministry added.

China has staged two rounds of war games around Taiwan so far this year, most recently in October responding to Lai’s national day, saying they were a warning to “separatist acts” and vowing to take further action if needed.

On Friday, Taiwan’s defense ministry said that China’s threat towards the island had been evolving since 2022, when it began staging the current round of war games, from “deterring Taiwan” to “impacting the First Island Chain”, an area that stretches from Japan through to Taiwan, along the Chinese coast and into the South China Sea.

“China’s long-term goal of deterring regional parties and disrupting the rule-based international order will not be endorsed by the international community,” it said in a statement.

Security sources had expected China to hold drills to coincide with Lai’s U.S. trip, and also to send a warning to the incoming Trump administration about China’s red lines.

On Thursday, the de facto U.S. embassy in Taiwan said that Chinese military activity in the region was currently elevated but it did not see that wider activity as a response to Lai’s U.S. visit.

Later that day, Taiwan’s defense ministry said it has disbanded its emergency response center, signaling an end to the current round of Chinese military activities.

On Friday morning, the ministry said it had only spotted 12 Chinese military aircraft operating nearby in the past 24 hours, down from 34 reported the previous day.

Taiwan’s coast guard also said on Friday that nine Chinese coast guard ships which were off the island’s southeast and southwest coasts had headed northwards after carrying out “undue” activities in recent days.

Taiwan’s coast guard published pictures and video of its ships shadowing Chinese vessels off the island’s east coast in rough seas and under grey skies. – Reuters

Global EV sales hit third consecutive record high

PHILSTAR FILE PHOTO

Global sales of fully electric and plug-in hybrid vehicles rose for a seventh consecutive month in November, jumping 32% year on year for a third consecutive record high, data from market research firm Rho Motion showed on Friday.

China continued to lead sales growth, accounting for almost 70% of total EV sales in the month, while registrations in Europe showed a marginal decline.

 

WHY IT’S IMPORTANT

The electric car market is undergoing critical transformation as incremental demand and production in China threaten EV markets elsewhere. Europe, for instance, is struggling to contend with production costs, new emissions targets and the rising competition.

Automakers in Europe and America say growing trade tensions, CO2 rules and the removal of incentives in some countries affect prices and put thousands of jobs on the line.

 

BY THE NUMBERS

Global sales of EVs – whether fully electric or plug-in hybrids – were up 32.3% at 1.83 million in November, Rho Motion data showed.

Sales in China were up 50% at 1.27 million vehicles.

In the United States and Canada, EV sales were up 16.8% at 0.17 million, while Europe had sales of 0.28 million, down slightly year on year but up 7.7% from October.

In the rest of the world, sales were flat against November 2023.

 

KEY QUOTES

“China certainly is in line with expectations,” Rho Motion data manager Charles Lester told Reuters, adding that government incentives pushed EV sales further.

“Penetration has been around about 50% for the last few months now.”

 

CONTEXT

China’s total November car sales grew 16.6%, the highest growth since January, while domestic champion BYD 1211.HK is set to exceed its global annual sales goal and overtake Ford F.N and Honda 7267.T.