Global Economic Times

2026.08.12 (Wed)
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Ho Chi Minh City Lays Groundwork for Multi-Pole National Energy and Industrial Hub

HO CHI MINH CITY — Ho Chi Minh City is accelerating plans to establish a multi-pole national energy and industrial hub, an ambitious infrastructure initiative aimed at fortifying regional power
HCM City Lays Groundwork for Strategic Multi-Pole National Energy and Industrial Hub

HO CHI MINH CITY — Ho Chi Minh City is officially laying the groundwork to construct a multi-pole national energy and industrial hub designed to reinforce regional energy security, accelerate th

Vietnam and Czech Republic Strengthen Economic Ties as Đà Nẵng Delegation Visits Prague

PRAGUE — In a strategic bid to deepen bilateral economic relations, a high-level delegation from the central Vietnamese city of Đà Nẵng, led by Vice Chairman Phan Thái Bình,

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DOE, Regulators, and Meralco Move to Revamp EPIRA and Eliminate System Loss Charges for Lower Power Rates: MANILA — Top officials from the Department of Energy (DOE), the Energy Regulatory Commission (ERC), and the Manila Electric ...; Pedro Espinola Special Correspondent 2026.08.02

Lifting of Metro Manila IT Park Moratorium to Bolster Philippines’ Global BPM Edge: MANILA — The Philippines’ standing as a premier destination for information technology and business process management ...; Graciela Maria Reporter 2026.08.02

Philippines Powers Up Electric Vehicle Industry with Executive Order 121: MANILA — Prices of electric vehicles (EVs) in the Philippines are expected to drop by 6 to 12 percent following the official ...; Desk 2026.08.02

Japan Estimated to Have Spent ¥6–7 Trillion in Fresh Yen-Buying Intervention as US Joint Action Hints Emerge: TOKYO / NEW YORK — Japan’s financial authorities appear to have unleashed a massive currency market intervention estim ...; Hwang Sujin Reporter 2026.08.01

China Tightens Immigration and Exit Controls to Counter Tech Leakage and Protect Industrial Security: BEIJING — In a major regulatory escalation aimed at protecting national security amidst an intensifying technology war with ...; Eugenio Rodolfo Sanabria Reporter 2026.08.01

Malaysia Airlines Pilot Arrested in Jakarta After Flying Commercial Airliner Under Influence of Drugs, Carrying Massive Narcotics Haul: JAKARTA — In a alarming breach of international aviation security and passenger safety, a senior commercial pilot belonging ...; Ana Fernanda Reporter 2026.08.01

China Launches Joint Air-Sea Drills Near Scarborough Shoal, Denounces Philippine UN Baseline Filing as ‘Illegal and Void’: BEIJING / MANILA — Escalating maritime tensions to a dangerous peak in the volatile South China Sea, the Chinese military co ...; Global Economic Times Reporter 2026.08.01

Kremlin Threatens Treason Charges Over Drone Attack Videos to Control Narrative as War Hits Home: SEOUL / MOSCOW — As the realities of the war in Ukraine spill deeper into Russian territory, Moscow is aggressively cracking ...; Global Economic Times Reporter 2026.08.01

Chromosome Abnormalities Found in 30% of Defectors from North Korean Nuclear Test Site Area: SEOUL — Nearly 30 percent of North Korean defectors who previously lived near the regime’s Punggye-ri nuclear test sit ...; LEE YEON SIL Reporter 2026.08.01

U.S. Marine Corps F-35B Stealth Fighter Crashes in California, Igniting Safety Concerns Over $100 Million Asset: SAN DIEGO — A United States Marine Corps F-35B Lightning II stealth fighter jet crashed near Miramar Air Station in San Dieg ...; Eunsil Ju Reporter 2026.08.01

Chinese OTA Giant Trip.com Dethrones Local Leaders Yanolja and Yeogi Eottae to Take No. 1 Spot in South Korea: SEOUL — In a dramatic shift within South Korea's online travel agency (OTA) sector, Shanghai-based global giant Trip.com has ...; Yim Kwangsoo Correspondent 2026.08.01

Oman Resumes Pivotal Mediation Role Amid Rising Saudi-Iran Tensions and Strait of Hormuz Security Concerns: On July 27, 2026, Omani Foreign Minister Badr Albusaidi initiated a coordinated round of telephone diplomacy, holding consecutive ...; Global Economic Times Reporter 2026.07.28

Boston Dynamics Shapes US Robotics Strategy while Korean Industry Hesitates Under Labor Union Resistance: SEOUL & WASHINGTON — Boston Dynamics, a key robotics subsidiary of Hyundai Motor Group, is playing a pivotal legislative ...; Eugenio Rodolfo Sanabria Reporter 2026.07.28

Major 7.1-Magnitude Earthquake Strikes Japan’s Kyushu; Tremors Sway High-Rises in Busan, Jeonnam, and Jeju: SEOUL / BUSAN — A powerful 7.1-magnitude earthquake that struck Kumamoto Prefecture on Japan’s southern island of Kyus ...; Ana Fernanda Reporter 2026.07.28

EUROPE DEVASTATED BY RECORD WILDFIRES: OVER 90,000 EVACUATED AS SPAIN DECLARES STATE OF EMERGENCY: LONDON & PARIS — A catastrophic wave of wildfires fueled by unprecedented heatwaves, fierce winds, and severe drought ha ...; Graciela Maria Reporter 2026.07.25

EU Hits Google with €890 Million Fine Under Digital Markets Act, Triggering Sharp Backlash from Washington: BRUSSELS / WASHINGTON — The European Union has reignited transatlantic trade tensions by imposing a massive penalty on U.S. ...; Eugenio Rodolfo Sanabria Reporter 2026.07.25

US Finalizes Section 301 ‘Forced Labor Tariffs’ on 60 Nations; South Korea Hit with 12.5% Duty: WASHINGTON / SEOUL — The Donald Trump administration on Thursday (July 23, local time) finalized additional tariffs ranging ...; Global Economic Times Reporter 2026.07.24

U.S. Moves to Sever Chinese Materials and Components from Defense Supply Chains: WASHINGTON — In a decisive move aimed at safeguarding national security and reinforcing military readiness, the Trump admini ...; Graciela Maria Reporter 2026.07.21

Saudi Arabia Launches Naval Protection Measures as Houthi Blockade Threat Escalates in Bab-el-Mandeb Strait: RIYADH / RED SEA — Saudi Arabia has officially announced comprehensive military and security measures to safeguard commercia ...; Eugenio Rodolfo Sanabria Reporter 2026.07.21

Mexican Cinema Legend Elsa Aguirre Passes Away at 96: MEXICO CITY — Elsa Aguirre, one of the most iconic actresses from the Golden Age of Mexican Cinema (Época de Oro), pa ...; Eugenio Rodolfo Sanabria Reporter 2026.07.16

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