Category Archives: Economy

Economy, Government, International, Politics, Race Relations

Donald Trump Jealous And Very Disappointed For Not Being Invited To APEC Summit

Leave a comment

IMG_7035.PNGLIMA, Peru  (The Adobo Chronicles, Washington Bureau) –Sure, Donald Trump is not yet president of the United States, but the president-elect has expressed deep disappointment for not being invited to a summit of Asia-Pacific leaders here in Lima, Peru.

Leaders of some 21-member countries belonging to the Asia-Pacific Economic Cooperation group (APEC) are meeting here amid speculation that Trump will scuttle President Obama’s key trade initiative in the Asia-Pacific region, the Trans-Pacific Partnership (TPP).

But apart from being disappointed, Trump said he was very jealous that he was not able to personally meet two of his idol world leaders — Russia’s Vladimir Putin and the Philippines’ Rodrigo Duterte.  The two leaders met for the first time while in attendance at the APEC summit.

Duterte has publicly acknowledged that he was a fan of Putin, and so has Trump.

In contrast, Trump has repeatedly criticized China for what he had called unfavorable trade deals with the U.S. China, an APEC member, has seized the opportunity to extend its already massive economic clout in the Pacific Rim, in anticipation that the TPP is laid to rest by Trump.

The Adobo Chronicles had the rare opportunity of speaking with both Duterte and Putin, and we asked both gentlemen what they thought about Trump.

Putin merely shrugged his shoulders, while Duterte uttered some intelligible cuss words which we assume were directed at the American president-elect.

For now, there are no selfie opportunities for Trump with the two popular leaders.

Economy, Food, International

Filipino Scientists Produce World’s First Organic Boneless Bananas

Leave a comment

IMG_7012.PNGLOS BAÑOS, Philippines (The Adobo Chronicles, Manila Bureau) – Move over seedless grapes. Make way for boneless bananas!

Agricultural scientists at the University of the Philippines at Los Baños (UPLB) have successfully produced an organic prototype of bananas not seen ever before anywhere in the world. They’re boneless!

The bananas have been marketed on a limited basis at selected produce markets in and around the campus. They’re being sold at 47 centavos per pound ( US $o.01)

Agriculture Secretary Manny Piñol praised the Filipino scientists, saying that the new discovery puts the Philippines on the world map in as far as organic food production is concerned. He also expressed optimism that when mass-produced, the boneless variety will double or triple the country’s banana exports. “It’ll be a great boost not only to organic farmers but to our economy as a whole,” he said.

Business, Economy, Food, Government, International, Technology

Duterte State Visit: China To Import One Million Tons Of Adobo From The Philippines

Leave a comment

img_6562MANILA, Philippines (The Adobo Chronicles, Manila Bureau) – While the rest of the world is still trying to figure out what exactly President Rodrigo Roa Duterte meant by “separating from America,” both China and the Philippines today announced a new bilateral trade deal that will begin immediately.

It is well known that China is the world’s largest steel exporter and the Philippines has been importing Chinese steel to the tune of about 1.2 Million metric tons per year.

Under the new trade agreement, the Philippines will double its steel imports from China.

In return, China will import 1 Million metric tons of pork and chicken adobo this year, subject to a 15 percent increase in the coming years.

The Philippines needs the steel to boost its infrastructure boom while China says that there is a huge demand for Filipino adobo among the Chinese people who just can’t perfect the art of making adobo.

Duterte told The Adobo Chronicles that the new trade agreement is reflective of a truly bilateral partnership which he said was lacking in his country’s decades-long relationship with America.