The decision to take on this monumental project is a testament to Beijing Urban Construction Group's confidence in its capabilities and its unwavering determination to make a lasting impact on the city. With a wealth of experience and a team of highly skilled professionals, the group is well-equipped to handle the complexities of such a large-scale project and ensure its successful completion.With both teams in top form, this match promises to be a thrilling encounter with high stakes. Fans can expect an exciting clash between two European giants, as Leverkusen and Internazionale battle it out for supremacy in the Champions League. Stay tuned for what is sure to be a memorable night of football.
If Broncos players didn’t know stakes of Sunday’s game vs. Colts, Sean Payton made them clear in Wednesday team meeting - The Denver Post
THE Philippine peso is the third worst performing currency against the United States since the Russia-Ukraine conflict, according to an analyst, and the worst performer among Asean countries. Rizal Commercial Banking Corporation (RCBC) Chief Economist Michael L. Ricafort said in his outlook for the peso that the currency has already depreciated by P7.77 to the US dollar since the start of the Russia-Ukraine war nearly three years ago. Ricafort said this represented a 15.2- percent depreciation to P58.87 to the US dollar as of November 22, 2024, from P51.1 to the greenback as of February 23, 2022. “Already weaker by at least 3 percent versus the performance of other Asean currencies that appreciated more recently vs. the US dollar since the start of 2024,” Ricafort noted. “The peso (is) also weaker/worse by at least 4.5 percent versus the performance of other Asean currencies versus the US Dollar over the past 2.5 years (or) since the Russian-Ukraine conflict started in February 2022,” he also said. Based on the data, Ricafort said the worst-performing currency in the region since the start of the Russia-Ukraine conflict was the Japanese yen which depreciated by 17.8 percent in 2.5 years, followed by the Korean won at 17.8 percent. In the Asean, however, the Philippine peso was the worst-performing currency. After the peso, the Indonesia rupiah depreciated the most at 10.7 percent since the Russia-Ukraine war. This was followed by the Thai baht which depreciated by 6.9 percent in 2.5 years and Malaysian ringgit, 6.8 percent against the US dollar. ‘Talk of rate cuts’ Meanwhile, this week, Jonathan Ravelas, senior adviser at professional services firm Reyes Tacandong & Co., told BusinessMirror that the foreign exchange market will mainly be affected by “talks of rate cuts” by the Bangko Sentral ng Pilipinas (BSP). Ravelas also expects that the strength of the US dollar in global markets as well as heightened geopolitical tensions will make the Philippine currency vulnerable to hitting the P59 to the greenback levels. Nonetheless, Ravelas said, Overseas Filipino Workers (OFWs) and their families will benefit from the weakness of the peso, as the dollar remittances will have higher peso values, allowing them to see an increase in their purchasing power. There had been apprehension thaht recent political tensions stemming from the Vice President’s tirades against the President, the first lady, and the Speaker of the House of Representatives might impact the market. “It could be noise. If allegations of assassination plot are serious then that is a different story. It could be all talk: for now it’s rate cuts and strong dollar,” Ravelas told this newspaper. However, analysts like Ricafort told BusinessMirror that it is worth observing what will happen on Monday’s trading to determine whether the weekend’s events could have a bearing on the peso this week. Nonetheless, Ricafort noted that the tirade of the Vice President may not be new compared to last month when she said the President did not know how to be the country’s Chief Executive ( https://businessmirror.com.ph/2024/10/19/vp-sara-duterte-slams-marcos-as-feud-escalates/ ). Last month, Duterte said the nation’s leader Ferdinand Marcos Jr. “doesn’t know how to be a president,” unleashing her strongest criticism yet against him since their political alliance collapsed. Speaking at a news conference that was livestreamed on her Facebook page, Duterte said she has a list of impeachable offenses that Marcos has committed, but declined to elaborate. The animosity between the country’s two highest officials has intensified since Duterte resigned from Marcos’ cabinet in June. Marcos’ allies in Congress had also scrutinized the vice president over her office’s use of confidential funds and proposed budget for next year which the House of Representatives cut by more than 60 percent. The daughter of former firebrand leader Rodrigo Duterte said lawmakers were trying to build a case to impeach her, because she is deemed the strongest rival of Speaker Romualdez, who is widely seen as having set his sights on the presidency in 2028. She challenged critics to “drag me to hell.” Analysts earlier warned that the increasingly fractious disagreements between Marcos and his predecessor’s family could raise the risk of political instability and may undermine one of Asia’s fastest-growing economies. Cai U. Ordinario writes macroeconomic and urban development stories. She has received awards for excellence in reporting on the macroeconomy and statistics. Ordinario is also a Jefferson Fellow of the East West Center in Honolulu, Hawaii. She completed her Masters degree in Communication at the University of the Philippines and Bachelor of Arts Major in Journalism from the University of Santo Tomas.North Carolina GOP lawmakers enact a law eroding the incoming Democratic governor's powersWhile lower oil prices may be good news for consumers and industries in the short term, they also raise concerns about the long-term stability of the oil market. The volatility in oil prices can have a significant impact on oil-producing countries, which rely heavily on oil revenue to fund their economies. A prolonged period of low oil prices could lead to financial strain and economic instability in these nations.
Furthermore, the impact of "failed cooling" on consumer behavior extends beyond immediate consumption patterns. It can also influence awareness and attitudes towards climate change and sustainability. As extreme weather events become more frequent and unpredictable, individuals may become more aware of the need to adopt eco-friendly practices and support businesses that are committed to environmental responsibility.Harry and Meghan’s polo docuseries to highlight ‘grit behind the glamour’In conclusion, Bai Jingting's partnership with Salomon as their outdoor style spokesperson is a testament to the brand's dedication to setting trends and leading the way in the world of outdoor fashion. With his charismatic presence and love for adventure, Bai Jingting is sure to bring a fresh perspective to Salomon's already impressive lineup of products, further solidifying their position as a brand that not only delivers top-notch performance gear but also exudes style and sophistication.