
Philippines: Manila warns of health emergency over mounting rubbish
"Rubbish dumped carelessly is harmful to the elderly, to the sick and to children. Insects that fly over piles of trash can land on the food we eat," Domagoso said in a Facebook broadcast on Monday.He appealed to Manila residents, "If possible, if only just for a while, please delay bringing your trash out. Keep it inside your homes until we normalise the collection of garbage in Manila".He said he hoped the new city council would declare a health emergency as early as Tuesday to give him wider authority to address the rubbish problem.The former teen idol, also known by his screen name Isko Moreno, won the May election, promising to "Make Manila Great Again". On Tuesday morning, he led city authorities in washing down the streets of downtown Manila with water and soap from fire trucks.Domagoso also prioritised cleaning up the city's streets during his first three-year term as mayor that ended in 2022.
While cleaning a monument near city hall in 2019, he accidentally stepped on human excrement on the pavement, underscoring the seriousness of the task at hand.His campaign then was considered largely successful and made him a popular national figure. He tried to parlay this into a presidential campaign in 2022 but he lost to incumbent Ferdinand Marcos Jr.On Monday, Domagoso said two bin collection companies, PhilEco and MetroWaste, had terminated their contracts with the city, since it owes them 400 million pesos ($7m; £5m).Leonel, a previous waste collection contractor, said Manila owed it more than 560 million pesos.But Domagoso said Leonel has agreed to resume collecting rubbish for free after he "begged" them to do so."We continue bathing the streets and we won't stop until the filth is gone," Domagoso wrote in a Facebook post on Tuesday, showing photos of freshly washed roads.Domagoso said in a television interview on Tuesday that he expected the waste situation to return to normal in three days.
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Reuters
7 hours ago
- Reuters
Vietnam Q2 GDP growth quickens on strong exports, US trade deal brightens outlook
HANOI, July 5 (Reuters) - Vietnam's economy grew at a faster pace in the second quarter of this year led by strong exports, in an encouraging sign just days after U.S. President Donald Trump said he would place lower-than-threatened 20% tariffs on many Vietnamese products. Concerns over the Southeast Asian manufacturing hub's outlook had been growing in the run up to the trade deal announced on Wednesday, particularly as the United States is Vietnam's biggest export market. Gross domestic product growth in the April-June quarter accelerated to 7.96% year-on-year, from the 6.93% in the first quarter, government data showed on Saturday. It was just short of Hanoi's full-year growth target of at least 8%. "Economic performance in the first half of this year was positive and close to our target amid global and regional economic uncertainties," the National Statistics Office said. Exports were a bright spot in the last quarter, rising 18.0% to $116.93 billion from a year earlier, while imports were up 18.8% at $112.52 billion, translating into a trade surplus of $4.41 billion, the NSO data showed. Industrial production in the period rose 10.3%, while June consumer prices rose 3.57%. Trump announced on Wednesday the United States and Vietnam reached a trade deal, under which Vietnamese goods would face a 20% tariff, with trans-shipments from third countries through Vietnam also facing a 40% levy. Vietnam could import U.S. products with a zero percent tariff. The tariff rates were lower than an initial 46% rate threatened by Trump in April. Vietnam hailed the deal as a boost for business and said negotiators were working to finalise details, as business groups awaited clarity on the finer points to assess the impact of the new tariffs. The United States is the largest export market for Vietnam, a regional manufacturing hub housing several multinational companies such as Samsung Electronics and Foxconn. The United States recorded a trade deficit of $123 billion with Vietnam last year, one of its highest globally. Vietnam is also home to several Chinese companies, which analysts said are likely the main targets for the 40% tariff on trans-shipments. China is Vietnam's largest two-way trading partner on which it relies heavily for components and materials for its manufacturing industries. Fitch Solutions said in a note on Friday that Vietnam's exports and investment will remain strong for the rest of the year and signalled upside risks for its 2025 GDP growth forecast of 6.4%. "With the new 20% tariff, we think the government will speed up industrial upgrading and shift exports from low-margin goods to higher value-added products such as semiconductors," it said in a note. Dominic Scriven, founder and chairman of investment firm Dragon Capital, said the trade deal is "net-positive" and the potential GDP hit is less severe than feared. "With external trade risk now moderating, attention can return to the country's core growth engine, the domestic and private sector economy," he said.


Reuters
a day ago
- Reuters
Indonesia offers to buy U.S. aircraft, wheat in tariff negotiations
JAKARTA, July 4 (Reuters) - Indonesia will offer to step up purchases of aircraft by state carrier Garuda Indonesia ( opens new tab and wheat by instant noodle giant Indofood ( opens new tab, in tariff talks with the United States, its chief economics minister told Reuters. Airlangga Hartarto, who is also the Southeast Asian nation's lead negotiator, said the government has also offered near-zero tariffs on key American exports, including agriculture products, which he said pay tariffs of between 0% and 5%. Jakarta is facing a 32% tariff in U.S. markets. It previously said it would sign a $34 billion pact with U.S. partners next week, which includes commitments to buy more U.S. goods as well as investment by Indonesian companies in the United States. "It will be near zero (tariffs for U.S. main exports), but it will depend as well on how much the tariffs we get from U.S.," Airlangga said. Garuda's CEO has said it is in discussions with U.S. Boeing (BA.N), opens new tab to buy up to 75 units of aircraft. Garuda and Indofood group did not immediately respond to requests for comment. The U.S. goods trade deficit with Indonesia was $17.9 billion in 2024, according to the U.S. Trade Representative. U.S. exports to Indonesia include soybeans, petroleum gases and aircraft, Indonesian government data showed. When asked whether the trade talks include military deals, Airlangga said they were "not part of the negotiation". Susiwijono Moegiarso, a senior official with Indonesia's Coordinating Ministry for Economic Affairs, told Reuters that in return, Jakarta has asked the United States for preferential tariffs on its main exports, including electronics, textiles and footwear. "We want them to lower the tariffs (for those goods) as low as possible," he added. Indonesia has also offered the United States opportunities to invest in critical minerals projects, including in its abundant resources of copper, nickel and bauxite.


Reuters
a day ago
- Reuters
For retailers, US-Vietnam trade deal leaves questions
LONDON, July 3 (Reuters) - A trade deal announced by the U.S. and Vietnam creates new question marks for sportswear and clothing retailers like Nike and Adidas that source shoes and clothes from factories in the Southeast Asian country, industry experts said on Thursday. The U.S. will impose a 20% tariff on many imports from Vietnam, while "transshipping" from third countries through Vietnam will face a 40% levy, President Donald Trump said on Wednesday. Garment and shoe factories in Vietnam rely heavily on yarns, polyester fabrics, and trims like buttons and zippers imported from neighbouring China. It was not immediately clear whether such products assembled in Vietnam from Chinese inputs would be vulnerable to the transshipment tariff. Typically, transshipment would designate a product mostly made in China, shipped to Vietnam and then relabelled and exported as made in Vietnam. U.S. customs already watches for that practice, but the Trump administration has hardened its stance on it, with U.S. Treasury Secretary Scott Bessent saying that "a huge amount" of trade from Vietnam is transshipment from China, in a CNBC interview Thursday. Many questions remain over the trade agreement, said Sheng Lu, professor of fashion and apparel studies at the University of Delaware. "Strictly speaking, transshipment is illegal, whereas using foreign components in compliance with rules of origin requirements is common practice," said Lu. "Confusing these two distinct practices will only create greater uncertainty and risk further supply chain disruption." Vietnam has been a top destination for retailers and brands looking to reduce their reliance on factories in China, but has also become a target of Trump's aggressive trade policy. Vietnam is a key producer of sports shoes for Nike, accounting for 50% of Nike branded shoes overall in the company's fiscal year 2024, and is also Adidas' biggest supplier country, producing 27% of the German brand's products. A Nike spokesperson said the company is still looking into the details of the deal. Adidas declined to comment. "With this new change and with the potential for this transshipment tariff, I think it's going to cause a lot of importers to really question, is Vietnam really a good other option?" said Lila Landis, a customs compliance consultant based in Fort Worth, Texas. While details are still not confirmed, the 40% tariff could possibly be stacked atop the correct China duty for any given product, making it highly punitive, Landis added. Overall, the U.S. imported 274 million pairs of shoes from Vietnam last year, according to industry group Footwear Distributors and Retailers of America (FDRA), which on Wednesday called the tariffs unnecessary and said they would hit American consumers. "There's disappointment in the 20% on the Vietnam side," said Joe Jurken, managing director at supply chain management company The ABC Group. The announced tariff on Vietnam narrows the gap with China, which the U.S. has hit with a 55% tariff, and may even tempt some brands to stick with China, Jurken said, instead of switching suppliers which is lengthy and costly. "There's a lack of capacity in Vietnam because there's not enough factories, and there's an overabundance of capacity in China... so the Chinese factories, in our opinion, will benefit from this over the short term," Jurken said. Still, the 20% tariff rate is better than the 25-30% rate the market feared, according to analysts at Raymond James. And the deal announcement goes some way to end uncertainty, and could encourage some retailers that were considering Vietnam to go ahead and place orders, said Jim Kennemer, managing director at Cosmo Sourcing. "It's going to be nearly impossible to get a 100% not-China supply chain," he said.