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China’s rise ‘an opportunity, not a threat’ – Arroyo

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MANILA, Philippines — The world should look at China’s rise as “an opportunity rather than a threat,” House Speaker Gloria Macapagal-Arroyo has insisted despite criticisms that infrastructure loan deals between the Philippines and China would be “detrimental” to the country.

“… China’s effort in opening up has really been a boost for the economies of the world, especially the developing economies. The world should look at China’s rise as an opportunity rather than a threat,” the former President told reporters Thursday when she attended the Boao Forum for Asia (BFA) Annual Conference in Hainan, China.

She is a member of the Board of BFA, which gathers together leaders in government, business, and academic institutions throughout Asia to share their thoughts on the most pressing issues in the region and the world.

The Pampanga congresswoman said China “is a market, a donor and a provider of capital and technology” for developing countries.

“You know, when China was beginning to develop, about six years into its transformation, I was undersecretary of trade and industry, and we were looking at this economic dragon that was rising in Asia, and we were wondering when China would become a competitor in the world,” Arroyo recounted.

“Little did we know that China is in a class of its own, and now, 40 years later under the presidency of Xi Jinping, it has become a partner in development. China, for us in the developing countries, is a market, a donor and a provider of capital and technology,” she continued.

The Philippines, she pointed out, has become China’s “no. 1 trading partner.”

“As a market for instance, it has become the Philippines’ number one trading partner. So we have been able to benefit a lot by selling goods to China. Agricultural products for instance, if you eat a banana, it’s probably from the Philippines. So it’s been a very big market for the Philippines,” she said.

The lawmaker also mentioned that China has been a “major source of assistance to some of the Philippines’ major infrastructure projects,” as well as a “major market for Filipino-Chinese businessmen.”

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Another quake rattles Mindanao, hours after 6.3-magnitude shock

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MANILA—A 5.3-magnitude earthquake struck Davao Oriental early Thursday, the Philippine Institute of Volcanology and Seismology (Phivolcs) said, hours after a 6.3-magnitude tremor rattled parts of Mindanao.

The moderate tremor occurred at 4:53 a.m. at a depth of 120 kilometers northeast of Manay town.

Instrumental intensity 3 was recorded in Alabel, Sarangani, intensity 2 in Tupi and General Santos City in South Cotabato, and intensity 1 in Kiamba, Sarangani.

Phivolcs said the temblor was not an aftershock of the 6.3-magnitude earthquake that hit Tulunan, North Cotabato on Wednesday night.

The second quake was not expected to cause damage, but will spawn aftershocks, it added.

The earthquake in North Cotabato was felt in parts of Mindanao that left at least 4 people dead and dozens injured. Via ABS-CBN News

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4 dead in Pampanga car crash

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PAMPANGA, Philippines – Four people died after their car crashed into an open canal and caught fire along the main avenue of Clark Freeport Zone here in the wee hours of Tuesday, October 15.

The Police Regional Office 3 (PRO3) said in a statement on Wednesday, October 16, that the fatal “self accident” happened along the eastbound lane of Manuel A. Roxas Avenue around 3:15 am on Tuesday.

The initial investigation showed that the vehicle, a white Hyundai Accent, was traversing the avenue on its way out of Clark when it plunged into a canal and caught fire.

Police said the 4 occupants of the car were burned to death. Authorities have yet to identify the victims as of posting.

Firefighters from the Clark Development Corporation’s Public Safety Department were able to put out the fire by 3:25 am on Tuesday.

Police received the report about the fatal accident at 4:30 am and dispatched a team from the Scene of Crime Operatives to investigate the crash site.

Investigators looked into overspeeding as among the possible causes of the crash, Rappler reports.

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Lalamove Philippines expanding services to Pampanga

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Lalamove Philippines on Wednesday announced plans to expand its delivery services to Pampanga, citing a growing need for logistics services in areas outside of Metro Manila.

On the sidelines of the AVCJ Private Equity & Venture Forum, Lalamove Philippines managing director Dannah Majarocon said the company is looking to expand to several areas.

“We are looking at moving into another city by the first half of next year. It’s a toss-up, but we are leaning more towards Pampanga because it makes a lot of sense,” she said in an interview with GMA News Online.

“Our business clients in Manila want to have items delivered all the way to Pampanga and from Pampanga to Manila, plus you have another port that is in that area,” she said.

Lalamove offers delivery services in over 100 cities across Mainland China, Southeast Asia, and India. In the Philippines alone, the company has over 45,000 partner drivers catering to clients in Manila and Cebu.

“Eventually, we will move into other cities further south. We’re still deciding if we’re gonna go Davao or Iloilo, but the most logical next phase for us will be where the central business districts are,” said Majarocon.

The company is banking on the growing need for logistics services, as it has continued to register positive growth in terms of delivery orders.

“It’s hard to fully determine or to fully attribute if it’s because of traffic because the growth of Lalamove has continuously compounded every single week, every single month, ever since we started here,” she said.

“Growth has been ‘exponentially fantastic’ for lack of a better term, and I would attribute that more because we are addressing a need in the market,” Majarocon added. —GMA News

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