The ANC Brief: China crisis

There are just some of the stories ANC will be covering today:

Better than the free market
The joint US-Philippine Balikatan military exercises will start today just as the issue of Chinese presence around Pagasa Island is raging. On Friday, US officials and analysts gave statements on the increasing presence of China in areas of the South China Sea and the implications for the ASEAN. Meanwhile, House Speaker Gloria Macapagal-Arroyo met with China Premier Li Keqiang at the Boao Forum where Arroyo, a former economics professor, extolled China’s Belt and Road Initiative as an alternative to democracy and a free market.

Probe into donations
The European Union said it will start a probe into the diversion of its donations to the communist movement through NGOs.

Human rights award
A US court has ordered a third distribution of an award of some $10 million to victims of martial law. Sought for her reaction, senatorial candidate Imee Marcos told reporters to ask the lawyers for a comment. Meanwhile, the Commission on Human Rights is set to probe the killing of 14 farmers in Negros Occidental.

Dim outlook
The Philippine Stock Exchange Index ended the first quarter of the year up by 6 percent but the delay in the budget is bound to dampen the economic outlook moving forward. The World Bank will be presenting its economic update on the Philippines.

Micro setting
“The work is painstaking,” says restaurateur Jonathan Matias of creating the epic historical dioramas of Miag-ao in Iloilo. “The miniature church, for example, took six months to carve to exact dimensions and design. Ninety-five percent of the figures were carved from blocks created by gluing vinyl floor tiles together. Typically, a soldier in the diorama will take one day to finish, while a horse will take a week.” Miag-aoanons, especially the older ones, appreciate learning about a forgotten past through the dioramas, while out-of-towners are happy to gain a deeper knowledge about a sleepy town.

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