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Bloomberg Philippines President Rodrigo Duterte is advocating to change the nation’s name one day to “Maharlika” to move away from the country’s colonial links. Duterte’s call echoes a push by the late dictator Ferdinand Marcos to call the nation “Maharlika,” which in the local language means nobility. The country, which was under Spanish rule for more than 300 years, derived ...

Beijing is selling its relaxation of inward foreign investment limits as a natural opening of financial markets. The reality is that China needs the capital to keep the economy going, and the question is whether investors will buy the hype. Authorities doubled to $300 billion the quota for stocks, bonds and other financial products under the Qualified Foreign Institutional Investor ...

Just how anti-European Union (EU) will the next European parliament be? Latest polls suggest that that populist, often euroskeptic parties, could do well enough in May’s vote to get a disruptive blocking minority – but that would require an improbable degree of cooperation on their part. Given the difficulty of placing dozens of parties in 27 countries on a single ...

President Donald Trump’s State of the Union address had been trailed as an appeal for unity — and, by the president’s standards, it almost was. Despite some jarring moments, he made a passable attempt at a presidential tone, calling for governing “not as two parties but as one nation,” and speaking of a “new opportunity” in US politics for those ...

Many of Europe’s politicians are far from impressed with the European Commission’s recent ruling against the proposed rail merger of Alstom SA and Siemens AG. Some are now calling for the EU to change its whole approach to competition policy. What they want instead is “industrial policy” — a strategy that dethrones competition as a goal and promotes European economic ...

It was with a sense of déjà vu that I read that US Treasury Secretary Steven Mnuchin has asked the Treasury Borrowing Advisory Committee to cobble some together ideas on new sorts of debt securities the government could create and sell to finance the rapidly expanding budget deficit. The implication is clear: The US needs to attract new investors to ...

Must a safer banking system inevitably be less dynamic? Judging from the experience of the US and Europe since the 2008 financial crisis, not necessarily. Bank executives typically portray efforts to shore up the financial system as a trade-off, in which greater resilience means less of something good. They often warn, for example, that requirements to increase capital buffers will ...

It’s time India’s policy makers acknowledged the real problem facing the country’s shadow banks. What they are experiencing is no longer a vanilla liquidity shortage; the entire industry has crashed against a wall of mistrust. On the other side of that wall are a clutch of wealthy property developers and their middle-class customers, as well as teeming multitudes of poor. ...

Dubai / WAM Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Monday launched the Dubai International Best Practices Centre (DIBPC) on the sidelines of the World Government Summit, being held at Madinat Jumeirah, Dubai. The Crown Prince of Dubai HH Sheikh Hamdan bin Mohammed bin Rashid Al ...

Dubai / WAM The United Kingdom is seeking to grow the number of UK universities in the UAE as well as to learn from the UAE e-government programme model, according to Nadhim Zahawi, Member of Parliament and Minister Responsible for Special Education Needs in UK. “Education is a big export for us and big partnership with the UAE. There are ...