Businessmirror November 17, 2018

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DEPARTMENT OF SCIENCE & TECHNOLOGY

PHILIPPINE STATISTICS AUTHORITY

2018 BANTOG DATA MEDIA AWARDS CHAMPION

BusinessMirror

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A broader look at today’s business n

Saturday, November 17, 2018 Vol. 14 No. 38

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A BROTHERHOOD FORGED IN HISTORY

ENVOY RENEWS ISRAEL’S VOW TO SUPPORT AFP MODERNIZATION, PHL COUNTERTERRORISM DRIVE

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By Rene Acosta

HE enthusiasm of Israel’s new (just over three months here) ambassador to Manila is obvious: the shared history and current synergy between the two countries is so wide-ranging there’s so much he can do to keep expanding bilateral relations. In a word, it’s so hard to fail in keeping this relationship robust because the two peoples have so much in common: agriculture, science and technology, defense, culture, and the increasingly better climate for migrant workers.

ISRAEL’S Ambassador to the Philippines Rafael Harpaz at the BusinessMirror Coffee Club. NONIE REYES

In a recent visit to the BusinessMirror, where he engaged journalists at the BusinessMirror Coffee Club, Israel’s Ambassador to the Philippines Rafael Harpaz was coy on some facets of the two allies’ defense cooperation, especially details of some acquisitions. Nonetheless, he was clear about one thing: Israel will sustain its cooperation and level of support to the Armed Forces of the Philippines’s (AFP) modernization and counterterrorism efforts by remaining a key partner and supplier of its requirement for military technology and equipment. Tel Aviv is emerging as an important partner in the military’s capability upgrade program, with Israeli firms delivering superior military hardware—from missiles to monitoring equipment—to one of the region’s least developed armies. Continued on A2

US, China rivalry challenging entwined Asia-Pacific region By Annabelle Liang & Elaine Kurtenbach | The Associated Press

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INGAPORE—The rivalry between the US and China in the Asia-Pacific is proving “awkward” for Southeast Asian nations that do not want to have to choose between their friends, Singapore’s prime minister said Thursday as he wrapped up a regional summit. “It’s easiest not to take sides when everybody else is on the same side. But if you are friends with two countries which are on different

sides, then sometimes it is possible to get along with both, sometimes it’s more awkward if you try to get along with both,” Lee Hsien Loong

PESO EXCHANGE RATES n US 52.9140

U.S. Vice President Mike Pence and Singaporean Prime Minister Lee Hsien Loong speak at a joint news conference at the Istana or Presidential Palace in Singapore, November 16, 2018. AP/YONG TECK LIM

said when asked about the competition between the US and China in the region at a news conference. Lee, who hosted the annual summit of the Association of Southeast Asian Nations (Asean), said countries whose economies and strategic interests are deeply entwined with both powers would prefer not to have to decide, “but the circumstances may come where Asean may have to choose one or the other. I hope it does not happen soon.” The comments appeared intended to send a message to the US, represented this week by Vice President Mike Pence in place of President Donald Trump, and to China, whose growing influence across the region is abundantly clear at such international gatherings. See “US-China,” A2

n JAPAN 0.4659 n UK 67.6294 n HK 6.7584 n CHINA 7.6267 n SINGAPORE 38.4717 n AUSTRALIA 38.5055 n EU 59.9674 n SAUDI ARABIA 14.1051

Source: BSP (November 16, 2018 )


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