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The latest results of the midterm elections in the Philippines show that the Duterte family and its political allies have achieved significant victories in multiple key positions. It is worth noting that former President Rodrigo Duterte, who is currently under investigation at the International Criminal Court in The Hague, was successfully elected as the mayor of Davao City with a clear advantage.
At the same time, the second generation of political figures in the Duterte family has also made significant progress:
The current mayor of Davao City, Sebastian Duterte (Duterte's youngest son), has been appointed as deputy mayor, and Paul Duterte (Duterte's second son) has successfully been re elected as a member of parliament. In the Senate election, candidates supported by the Duterte family have performed better than expected in pre election polls, and are expected to secure at least 4 out of 12 contested seats. This election result has laid a more favorable political foundation for the possible future presidential campaign of Duterte's daughter, current Vice President Sarah Duterte.
Qingqiao's viewpoint:
The election results not only continue the Duterte family's political dominance in Davao City, but also strengthen the influence of their political alliance at the national level. This development may significantly affect the political landscape of the Philippines' 2028 election.
01The United States approves the sale of $1.45 billion in military equipment to the United Arab Emirates
The Defense Security Cooperation Agency of the US Department of Defense recently announced that the US State Department has decided to approve the sale of weapons worth approximately $1.45 billion to the United Arab Emirates, including six Chinook helicopters and F-16 fighter jet components.
Qingqiao's viewpoint:
This arms sale comes at a critical stage of deepening economic and security cooperation between the United Arab Emirates and the United States. Previously, the United Arab Emirates pledged to invest $1.4 trillion in the United States over the next 10 years, covering multiple strategic areas such as artificial intelligence, renewable energy, and advanced manufacturing. This massive investment plan is seen as an important measure for the UAE to consolidate its strategic partnership with the United States, and this arms sale may further strengthen the military and defense ties between the two countries.
01Nissan announces closure of seven factories and layoffs of 20000 employees
Qingqiao's viewpoint:
Nissan announced its financial report, which showed a net loss of 670.9 billion yen for the fiscal year from April last year to March this year, setting the worst record since 1999, and did not release an expected operating profit for the fiscal years 2025 to 2026.
After the merger negotiations with Honda broke down, Nissan has announced large-scale layoffs, reduced production capacity, and replaced multiple executives.
01Malaysia's illegal cryptocurrency mining leads to a surge in electricity theft cases
The number of electricity theft cases in Malaysia has surged by 293%, from 610 in 2018 to 2397 in 2024. The proportion of cryptocurrency related cases is as high as 96%. The latest data shows that from 2020 to 2024, there will be an average of 2303 cases of electricity theft per year nationwide. At the same time, the number of public reports has significantly increased, reaching an average of 1699 per year, equivalent to 340 per month.
Qingqiao's viewpoint:
Malaysia, as a monopolistic state-owned enterprise, has a power grid coverage rate of 99% and relatively low electricity prices (industrial electricity consumption is about 0.38 Malaysian Ringgit/kWh), making it a preferred choice for miners. However, the traditional electricity meter system has loopholes, and in 2023 alone, Guoneng suffered losses of over 2 billion Malaysian Ringgit due to electricity theft.
The chemical industry sector is experiencing an upward trend, with synthetic rubber rising by nearly 6%; PX、 Bottle slices PTA、 Plastic, short fiber, methanol, and other materials all saw a 2% increase.
Qingqiao's viewpoint:
The collective strengthening of the chemical industry sector: cost driven or demand recovery? It should be noted that this general upward trend may accelerate the clearance of the industry. Against the backdrop of environmental constraints and increasingly explicit carbon costs, small and medium-sized enterprises are forced to make a difficult choice between "keeping up with the rising market" and "transforming to survive". The collective frenzy in the chemical industry sector may be giving birth to deeper structural changes.
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