• Obama in Manila for Apec summit


    WASHINGTON: President Barack Obama will travel to Turkey for a G20 summit, followed by stops in the Philippines for the Asia Pacific Economic Cooperation (APEC) meeting and Malaysia for the US-Asean and East Asia summits, the White House said on Monday.

    At the G20 summit, leaders from the world’s major economies are due to give final approval to a new plan to crack down on tax evasion by multinational corporations that costs countries at least $100 billion a year.

    The 15-point plan aims to tackle low tax bills for the likes of Google, Apple and McDonald’s, which have managed to sharply reduce their taxes while remaining within the law, provoking public outrage in recent years.

    Obama “will spur international efforts to ensure strong, sustainable and balanced global economic growth” during the talks, White House spokesman Josh Earnest said in a statement.

    The APEC and the Malaysia meetings “underscore America’s support for Asia’s regional institutions, which enhance security and prosperity, while also advancing the US strategy to rebalance to the Asia-Pacific region in all of its dimensions,” Earnest added.

    “These visits also will support the President’s efforts to expand opportunities for American businesses and workers to sell their products in some of the world’s fastest-growing markets,” he said. AFP


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    1. Mariano Patalinjug on

      Yonkers, New York
      28 October 2015

      President Aquino should take this opportunity to thank President Obama for finally taking the concrete step to prove that his new geopoltical policy of “A pivot to Asia” [redubbed “Rebalancing”] is now starting to get implemented with the recent sally of the USS Lassen, a guided missile destroyer, near the 12-nm mile limit of the Spratlys, in international waters.

      I am sure that this action of the US Navy had his imprimatur.

      This initial sally of a US warship in these disputed waters heralds the start of what the US calls FREEDOM OF NAVIGATION PATROLS in international waters near those disputed islands in the South China Sea, the Spratlys archipelago in particular through which an estimated $5 trillion in sea trade passes annually.

      There was a previous warning by China that “it would never allow any country to violate its territorial waters and airspace in the Spratlys.”

      The United States deliberately challenged China to make good on its threat with the USS Lassen as the “bait”–but China did not molest let alone try to harm the USS Lassen which went on its “merry way” to complete its patrol. All that China did was to spew out another strident and pathetic warning against the US through its Foreign Ministry.