Salinas has dedicated time and effort to offering treasured advice to authorities on the worldwide maritime landscape, which includes rising delivery technologies and traits. The Philippines’ concerns at some point of those years revolved round managing the introduction of box ships and roll-on/roll-off vessels, unitization in shipment handling, and the developing call for for the implementation of the cargo sharing scheme or 40-forty-20 arrangement under the Liner Code.

In addition, there has been the want to address the dismal protection file of the domestic fleet and attacks on the integrity of the Philippine flag-registry. Salinas figured prominently inside the consultative meetings and discussions on these subjects, and eloquently expounded at the problems and proposed measures to fulfill the challenges.

At the time, the Philippines began to advantage prominence as a seafaring usa, and government become aiming to boom and expand the countrywide merchant fleet in response to the developing demands for bottoms to hold home and international exchange. Salinas turned into one of the shipping executives who without difficulty prolonged guide to the Philippine aspiration for a modern maritime enterprise.

Salinas turned into appointed a member of the Board of the Maritime Industry Authority (Marina) representing the private region and as a result, become an active participant in coverage-making, mainly articulating the requirements to bring about a evolved and aggressive Philippine maritime industry. Likewise, his stint as member of the Board of Trustees of the National Maritime Polytechnic (NMP), Philippine Merchant Marine Academy (PMMA) and the Technical Panel of the Commission on Higher Education (CHED) afforded him the possibility to percentage with these groups wider enterprise attitude, an vital thing of coverage-formula and rule-making procedures within the maritime field.

Industry Leadership
Salinas’ affiliation with the Filipino Shipowners Association (FSA) dates returned to 1987 where he served as President, Chairman, and Chairman Emeritus. Attendant to being FSA President changed into taking on the function of representing the shipowners within the Maritime Safety Coordinating Council and Maritime Development Task Force of the Department of Transportation and Communications (now Department of Transportation). He became additionally the private quarter consultant of the Philippine Tripartite Delegation to the International Labor Organization (ILO), which formulated the Maritime Labor Convention of 2006.

In the worldwide maritime sphere, Salinas become actively worried in diverse maritime associations along with the International Shipping Federation of London, as member and Vice President; Federation of Asean Shipowners Association in which he acted as Chairman; and as member of the Asian Shipowners Forum and the Lloyds Register of Shipping East Committee.

For his contribution to the u . S .’s maritime industry, Salinas was given the primary Marina TIMONEL Award, the very best recognition given to private individuals for offerings rendered to the government. The Lloyd’s Ship Manager of London in 2010 commemorated him with a Lifetime Achievement and Leadership Excellence Award for his illustrious career in shipping.

Altice announced its planned purchase of the Portuguese organisation from Brazil’s Oi in December 2014 for 7.Four billion euros.

It notified the EC, which oversees the bloc’s opposition guidelines, the following February, getting popularity of the transaction in April 2015.

In its announcement Thursday, the EC said Altice had “applied the purchase previous to the adoption of the Commission’s clearance choice, and in a few times, previous to its notification.”

It introduced Altice was in a “function to exercise decisive influence over PT Portugal before notification or clearance of the transaction”.

Thursday’s assertion will no longer affect regulatory approval granted for the transaction in April 2015, the Commission stated. The European Union Thursday said telecom business enterprise Altice breached EU guidelines with the aid of prematurely taking on Portugal Telecom (PT) with out complete clearance from regulators.

The European Commission can excellent the enterprise up to ten percentage of its annual global turnover.

Netherlands-listed Altice, which is owned by way of French-Israeli billionaire Patrick Drahi, said it “does now not consider the European Commission’s preliminary conclusions and could publish a complete reaction… and contest all the objections.” But in reaction to the management’s call for touch upon the causes of the US trade deficit, economists and enterprise agencies careworn that exchange is useful and creates jobs at some stage in the economic system, even supposing some are misplaced locally.

The influential US Chamber of Commerce said the exchange deficit isn’t always “the suitable gauge of whether or not a selected set of trade regulations — or change agreements — is handing over advantages to the American human beings greater broadly.” THE Department of Transportation (DOTr) announced a modernization program for the u . S . A .’s roll-on/roll-off (RoRo) system to improve the 3 primary nautical highways—Western, Central, and Eastern—and other RoRo routes.

The modernization program, so that you can have a finances of P5.701 billion to be funded through the General Appropriations Act, changed into published on the authorities’s infrastructure assignment internet site construct.Gov.Ph. The timeline indicated within the posting said that mission development will start in September, implementation in December, with crowning glory of the challenge predicted in December 2018. The portal supplied the caveat, however, that conceptualization or feasibility research might modify the mission’s begin date.

In a media announcement, Transportation Undersecretary for Maritime Felipe Judan stated upgrading the RoRo device is taken into consideration an economic priority, particularly because it gives “a very low fee of moving items” in comparison with container transport.

“It would be mistake … to assume a link between the US trade deficit and US employment,” it said in a statement.

But the anecdotal stories of pain caused by trade are compelling and play into the Trump administration’s aggressive stance on trade policy.

A hearing Thursday on the trade deficit came the same day the administration officially announced it will renegotiate the North American Free Trade Agreement, and launched yet another trade dispute with Canada over subsidies allegedly provided to aircraft manufacturer Bombardier.

‘Lost jobs’
“Trade deficits aren’t economic indicators of cheap goods. Trade deficits are indicators of lost jobs,” Leo Gerard, international president of the United Steelworkers labor group, told the hearing. “If you don’t have a job, it don’t matter how cheap the stuff is.”

The Trump administration has vowed to reduce the US’s $500 billion annual trade deficit.

The hearing was called by the Commerce Department and US Trade Representative as part of a study on the US trade deficits, especially the impact of factors like tariffs, harmful subsidies and other unfair practices.

Officials from a variety of industries from pipes to coal complained of laid-off workers, declining wages and shuttered and relocated factories.

Kathie Leonard, president of Auburn Manufacturing Inc, which produces heat-resistant amorphous silica fabric used in high-temperature jobs like welding, said defense contractor clients who are not covered by buy-American regulations were buying cheaper Chinese imports.

Roddey Dowd, president of the Charlotte Pipe and Foundry Company, said unfairly cheap imports from China’s state-owned and subsidized metal-casting industry helped drive the American manufacturing base down to 1,956 facilities from 2,800 in the last 17 years, representing a loss of 60,000 jobs.

Borrowing to buy
But economists and industry representatives pushed back against the anti-free trade message and the focus on the deficit.

The US Chamber noted that, “By definition, the US current account deficit results from Americans consuming more than they produce.”

Joseph Gagnon of the Peterson Institute for International Economics, a research group, said trade deficits are caused by borrowing from other countries.

“The overall trade deficit reflects our net borrowing from the rest of world,” he said, and the Trump administration’s plans for a fiscal expansion would widen the trade deficit.

Linda Dempsey of the National Association of Manufacturers downplayed the impact of trade deficits.

“Trade deficits increase as the US economy grows and fall during periods of economic weakness,” she said. “Unemployment goes in the opposite direction.”

Prior to the vote police fired tear fuel as an anti-cuts demonstration outdoor parliament grew to become violent, with some hooded youths throwing Molotov cocktails.

Police said more than 10,000 people took component in the protest.

Greece’s Prime Minister Alexis Tsipras grudgingly frequent to legislate any other round of cuts and lower tax breaks — applicable in 2019 and 2020 respectively — to liberate the cash price in advance of looming debt repayments in July.

In return, Greece will introduce poverty assist measures — together with subsidies on lease and medicinal drug — over the equal time period.

Athens hopes the disbursement of seven billion euros from present bailout loans might be approved by way of a meeting of eurozone finance ministers on May 22.

“We are in the final stretch… the biggest likelihood is that we’ll have a deal on May 22 or some days later,” Greek government spokesman Dimitris Tzanakopoulos instructed Skai TV.

Greece is searching for a clear eurozone pledge later this month on measures to ease compensation on its massive public debt, which represented 179 percentage of annual output on the give up of remaining yr.

IMF-Germany dispute
The question has served as a factor of competition for months among Berlin and the IMF, which doesn’t want to participate inside the bailout programme unless Greece’s debt burden is brought all the way down to plausible levels.

In his calls for good sized debt alleviation, Tsipras faces resistance from Germany, where additional concessions are unpopular with an electorate referred to as to a trendy election in September.

According to sources familiar with the problem, the IMF and eurozone nations are near attaining a compromise, which might clear the manner for a worldwide agreement allowing Greece to go back to bond markets in 2018.

“Right now, Germany and the IMF are in the very last stretch of very hard negotiations going on between them,” Tzanakopoulos stated.

Athens additionally hopes to be eventually allowed access to the European Central Bank’s asset buy programme, called quantitative easing, or QE, to assist its return to bond markets.

“The key issue is to have a (debt) adjustment as a way to permit the ECB to induct the us of a to QE,” Tzanakopoulos said.

Bank of Greece governor Yannis Stournaras this week said the ECB was probably to talk about the issue furnished that European finance ministers determine some thing “binding” on Greek debt. Greek parliament approves new austerity measures American exertions and industry officers on Thursday (Friday in Manila) blamed unfair overseas competition for destroying US jobs, some thing President Donald Trump has railed about repeatedly.