Friday, January 13, 2017

Let's Do The News! (January 13, 2017)

- Japanese Prime Minister Shinzo Abe took breakfast at President Rodrigo Duterte's home in Davao on the second and the last day of his Philippine visit. Over the course of Abe's Philippine visit, he pledges 8.7 billion dollars worth of business opportunities, private investments, speedboats, and counterterrorism equipment to the Philippines.

- Following the harsh stance posed by former ExxonMobil CEO and Trump's Secretary-of-State pick Rex Tillerson over the South China Sea dispute, the Chinese government reminded the US to reject the "Cold War" mentality, seek partnerships instead of alliances, and respect the ASEAN agreement on South China Sea.

- Foreign Affairs Secretary Perfecto Yasay Jr. has relayed to the Indian embassy that the government will strictly enforce President Duterte's policy to end the so-called "5-6" lending scheme practiced by Indian nationals, purportedly to protect the people from unscrupulous activity. Yasay said he told Ramakrishnan Narayana, charge d'affaires of the Indian embassy, as the first vin d'honneur of the President in Malacanang Wednesday that ending this lending scheme is part of addressing domestic problems.

- Thousands of US ground troops have arrived in Poland to serve as a deterrent in Eastern Europe following the Russian annexation of Crimea in 2014. US and Polish soldiers attended a welcome ceremony at an army base in the western town of Zagan on Thursday. Roughly 3,500 US Army troops began entering Poland last week with armored vehicles and more than 80 tanks.

- Japanese and Russian ministers have agreed to come up with a timeframe around the end of March to implement energy deals signed during President Vladimir Putin's Japanese visit last month. The agreement came in a meeting between Hiroshige Seko, the Japanese Minister for Economic Cooperation with Russia, and Alexander Novak, the Russian Energy Minister, on Thursday. Governments and companies from both countries signed 80 agreement documents based on an economic cooperation plan presented by Tokyo, focusing on energy deals, including gas and nuclear power.

- Takata reportedly agree to the one billion dollar settlement on Friday and expected to include a guilty plea to wire fraud. The fine will include 25 million dollars for a criminal penalty, 125 million dollars to victims of the faulty air bags, and 850 million dollars to automakers affected by the airbags.

- Since New Year's Eve 2016, the popular boy band SMAP broke up after their successive careers and just as last week, they've sent farewell messages to fans. Find out here.


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