Australia – Migrant jobs at risk from AI – analysis

Source: AMES Australia

August 24, 2026

Migrants in Australia are among the most vulnerable to losing their jobs to the roll out of AI technology, this analysis has found.

An AI Industry Impact Analysis and literature review by economist Dr Ian Pringle has found that jobs taken up by large numbers of migrants are among the most at risk of being replaced by AI tools.

The analysis, commissioned by migrant and refugee settlement agency AMES Australia, found early-stage migrants are heavily concentrated in entry-level, repetitive, or task-oriented roles, and face a disproportionate risk of displacement by Generative AI and automated robotic systems.

The analysis indicates this could be exacerbated by the fact a significant portion of migrants remain trapped in the entry-level tier jobs due to “skills atrophy”: the loss of professional capabilities due to prolonged under-utilisation.

Among the industries in which migrant jobs will be most at risk are retail and hospitality, transport and logistics and finance and administration.

Among industries facing a medium-to-high risk of job losses due to AI are education and training, agriculture and construction.

In retail and hospitality, among the jobs most at risk are checkout operators, fast food attendants, shelf stackers and baristas. Work vulnerable to AI includes order taking, inventory prediction, checkout billing and customer inquiries.

Over the next 2- 5 years, it is expected advanced kiosks, predictive stock software, and generative customer care bots will become more common. In transport and logistics, among the jobs most at risk are rideshare drivers, warehouse pickers and delivery drivers.

Warehouse automation is already being implemented and autonomous rideshare fleets are progressing steadily.

In finance and administration, among the jobs most at risk are bookkeepers, data entry clerks and customer service agents. Already large language models (LLM) can seamlessly ingest invoices, cross-check ledgers and automate complex compliance mapping.

The analysis found that jobs in the healthcare sector had the lowest risk of disappearing because of AI. In healthcare, AI acts as an augmenter and efficiency driver rather than a tool of mass displacement.

However, tasks within entry level roles will see significant shifts. The analysis identified several strategies to mitigate the risk of AI driven unemployment. These included accelerating qualifications and experience recognition, AI-resilient upskilling pathways and corporate incentives for inclusive hiring.

One example was bridging programs such as subsidised, short, fast-tracked 'Australian context' micro-credentials.

Another was standardised skills passports that align overseas experience and training with Australian equivalents.

The analysis shows job losses in transport and logistics across Australia over the next five years could be between 55,000 and 70,000 jobs, with 35 to 4- per cent of them among migrants.

It shows job losses in hospitality and retail over the next five years could be between 80,000 and 100,000, with 30 per cent of them among migrants.

The analysis shows between 35,000 and 45,000 jobs could be lost in the agriculture and construction sector, with 35 per cent of them among migrants.

AMES Australia Employment Mentor Fayaz Niamati say AI is already having an impact on migrant jobseekers,

“We are seeing the effect of AI every day. There isa warehouse near here where we used to refer employment clients to jobs. But automation means many of these jobs no longer exist,” said Fayaz, who works with people seeking to start careers in Australia.

“AI is particularly affecting young people with automation be ramped up in factories and fast-food drive throughs being manned by robots,” he said.

Ukrainian migrant Svitlana Yaskiv, who teaches English to international students, said many students were fearful of what their future job prospects might be.

“I have English students who are IT specialists who are worried about their jobs and what they will be doing in five years. We can see that migrants are more vulnerable to losing their jobs to AI,” Svitlana said.

“A lot of the entry level and repetitive jobs that migrants often find themselves in after they first arrive, will be lost to AI.

“I think education is the key. People need to train and equip themselves for jobs that won't be taken by robots,” she said.

Economist Dr Ian Pringle said there was a need to develop strategies to mitigate the effect of AI on jobs.

“The full effect that AI will have on jobs is still an uncertain equation. But it is clear that some sectors will be particularly negatively impacted and many of these are populated by migrants,” Dr Pringle said.

“We need to develop strategies to mitigate the effect of this; and not just for migrants but for all Australians,” he said.

Pacific – FWCC calls for the temporary stand down of football players facing serious rape and sexual assault charges

Source: Fiji Women's Crisis Centre

21 August 2026

The Fiji Women's Crisis Centre (FWCC) is calling on the Nadi and Rewa Football Clubs and the Fiji Football Association to temporarily stand down the two players currently facing serious charges of rape and sexual assault until the completion of their court proceedings.

FWCC wishes to make it clear that this call is not based on any determination of guilt or innocence. The criminal matters remain before the courts, and all accused persons are entitled to due process and a fair hearing under the law. However, sporting organisations have a responsibility that goes beyond the outcome of criminal proceedings. They have a duty to uphold the integrity of the sport and demonstrate a commitment to the safety and dignity of women and girls.

Around the world, sporting organisations have adopted such approaches through internal policies when athletes face serious allegations of violence against women and girls. Just this week, we saw the Australian rules football club, the Sydney Swans, temporarily stand down five players after allegations of sexual assault and misconduct surfaced against them.

These players have been temporarily stood down for the remainder of the season while independent investigations take place. These measures do not prejudge court outcomes. Rather, they reflect the principle that sporting organisations must uphold standards that are consistent with community expectations and safeguarding responsibilities.

FWCC believes that allowing players facing serious rape and sexual assault charges to continue representing their clubs sends the wrong message to survivors of rape and to the wider community.

Fiji continues to grapple with high rates of violence against women and children, and sporting bodies must demonstrate leadership. Football clubs and governing organisations should adopt clear policies requiring the temporary stand-down of players facing serious charges of sexual violence until their cases have been resolved by the courts.

Survivors of rape and violence deserve to know that their experiences are taken seriously and that the institutions shaping public life in Fiji are prepared to place safeguarding at the centre of their decision-making. For many survivors, seeing individuals facing serious rape and sexual assault charges continue to be celebrated can be deeply distressing and retraumatising. Increasing the participation of women and girls in football is a priority across the region and nationally, with strong backing from FIFA and the Oceania Football Confederation. We need to create spaces where women and girls feel safe, supported, and empowered to participate. Let’s be visible in our actions.

Sci-Tech – Astromech Raises New Capital to Further Advance Predictive AI Models of Biological Evolutionary Change

Source: Astromech

DALLAS, Texas —August 20, 2026 at 9am CT —Astromech, an evolutionary biology AI company developing predictive models of biological change using evolutionary and multispecies genomic data, today announced a $20 million funding round led by esteemed biotech investor Bob Nelsen, with participation from Peak 6, NeoGenesis Capital, Builders VC, and CAZ Investments. The financing brings the company’s total capital raised to $60M million and values Astromech at $3.8 Billion. Co-founded by Ben Lamm and George Church, Astromech will use the funding to expand its research team, increase the number of species represented in its functional genomic datasets, and scale the comparative genomic infrastructure used to train its models.

Much as a weather forecast uses current conditions and historical patterns predicting what comes next, Astromech aims to bring forecasting capabilities to biology. The company’s prediction models are designed to help researchers move beyond reacting to biological change—such as genetic bottlenecks, responses to changing environments, drug resistance and disease progression—and toward anticipating it.

Astromech develops AI-driven predictive models designed to anticipate how living systems change, identify where they are most vulnerable and uncover the regulatory mechanisms driving those changes. The company combines genomic, evolutionary and functional data to learn from 3.8 billion years of biological history. Astromech is currently in a deep research and development phase, with its platform and initial research pipelines operational.

Gestated at Colossal Biosciences, Astromech has access to the genomic data resources Colossal has spent five years assembling: a broad genome bank of extinct and living species, tooling battle-tested on massive biological datasets, ancient-DNA capability that reads old genomes and compares them to living ones to see exactly what changed and when, and a scientific team trained across evolutionary systems and computational biology.

“Biology runs the world and historically, we have only reacted to it,” said Ben Lamm, co-founder of Astromech. “We can describe biology in extraordinary detail, yet we still

struggle to anticipate what comes next. Astromech is building the AI system predicting how living systems will change and where they are most likely to break. Every genome carries a record of what changed, when it changed, and the tradeoffs that followed —but almost none of that history is readable at scale today. Astromech was built to close that gap, and this funding allows us to further expand that work far more across the tree of life.”

While most computational biology models analyze organisms as they exist today, Astromech studies how biological traits developed over time. Traits including longevity, cancer resistance and tolerance to environmental stress have evolved independently across many species, creating naturally tested examples of biological resilience. By reconstructing when those traits emerged and the genomic and regulatory changes associated with them, Astromech seeks to address a central challenge in biology: understanding not only which sequences differ, but what those differences do and how they influence biological function.

How it works

Astromech's architecture takes three layers of data and produces three kinds of forecasts. The inputs are genomic – living and extinct genomes; evolutionary – deep-time ancestry and divergence; and functional – expression, traits, and response. From those, one system of models predicts where a genome or population is headed, where that biological system is most likely to break, and which regulatory circuits are driving the change.

Two engines sit underneath. The first is a suite of deep learning models that find patterns across species and systems: how genes are expressed, how organisms respond to their environment, how vulnerabilities develop over time. The second works backward through evolutionary history, reconstructing how a system reached its current state, then runs the same mathematics forward to project where it goes next. Fused, they form a single model system trained on the history of biological change across deep time.

The technical core is ancestral state reconstruction extended beyond sequence. Rather than inferring only the ancestral protein at each node of a phylogeny, Astromech reconstructs ancestral regulatory state: chromatin accessibility, gene expression, and functional annotation. It integrates that evidence across multiple data modalities into a Bayesian framework that returns calibrated confidence rather than point predictions. The same engine runs against different traits by changing the evidence overlay, not the architecture.

For many complex traits, important variation occurs outside protein-coding regions and affects how genes are regulated, Reconstructing ancestral proteins alone misses the majority of the signal for polygenic, heavily regulatory traits like those that impact longevity. Reconstructing the ancestral regulatory state is what turns a comparison between two species into a mechanistic account: when a change arose, on which lineage, under what pressure, and what it did.

What makes this possible is not only the model architecture, but the breadth of the training data. Models that predict regulatory function from sequence are typically trained on one or two reference genomes, where most functional genomic data has historically been concentrated.

Astromech trains its models across species, supplementing public datasets with functional data generated in-house for species where coverage is limited. This broader comparative foundation allows the models to examine regulatory changes between lineages, rather than variation within a single species.

What the platform produces Astromech’s platform is designed to generate three types of biological insight: where a genome, pathogen or population may be headed; where a biological system may be most vulnerable, including potential susceptibility to disease or drug resistance; and which regulatory mechanisms may be driving those changes.

To make this analysis possible at genome scale, Astromech developed a learned tree-inference method that, in internal benchmarks, reconstructed phylogenies approximately 100 times faster than conventional maximum-likelihood methods while maintaining comparable topology accuracy. In retrospective validation, the broader pipeline recovered trait-associated genes previously established in published research while identifying additional candidates for further study. These results provide the foundation for prospective validation through future partner pilots.

Core Technology

Astromech’s core model framework is designed to work across species and biological systems. By identifying patterns of vulnerability and resilience, the platform could support applications in human health, biosecurity, agriculture and conservation. Potential uses include:

  • Flagging susceptibility across species to different pathogens before they reach humans
  • Predicting drug resistance before it becomes a treatment failure
  • Mapping disease risk and the drivers of healthspan
  • Modeling herd vulnerability under disease and climate stress
  • Identifying which species and ecosystems are most at risk
  • Anticipating food security and supply-chain threats before they spread

This positions Astromech upstream of industries that depend on understanding biological change rather than developing a separate model for each market. The company aims to adapt the same underlying framework to different biological traits, species and applications. By identifying biological risks and their underlying mechanisms earlier in the research process, Astromech aims to provide predictive insights that can inform downstream drug discovery, public-health planning and conservation research.

Longevity as the first proving ground

Astromech’s first demonstration of its core model maps 46 longevity-associated genes across a time-calibrated tree of life. Rather than studying a single gene or species in isolation studied in isolation on timelines measured in years, the platform allows researchers to examine how genes

linked to longevity, cancer resistance, and cellular and genomic maintenance have been conserved or changed across evolutionary history—from entire groups of species down to individual proteins.

The platform draws on genomic resources developed by Colossal as well as other proprietary datasets, to compare how different species have evolved distinct responses to aging and disease. Asian elephants, for example, have evolved notable cancer-suppression mechanisms despite their large size and long lifespans. Tasmanian devils, by contrast, are vulnerable to a rare transmissible cancer that has devastated wild populations. Examining such divergent outcomes is precisely the kind of comparative question Astromech is designed to address.

Other long-lived species offer independent biological solutions to the same broad challenge. Bowhead whales can live for more than two centuries despite a body mass associated with elevated cancer risk. Brandt’s bats weigh only a few grams yet can live for more than forty years. Birds routinely outlive mammals of comparable size despite higher metabolic rates. By comparing these evolutionary outliers, Astromech aims to identify the genomic and regulatory changes associated with resilience, vulnerability, and healthy aging—and generate more precise hypotheses for the biological mechanisms involved.

“Comparing living species by their genomes can fail to assign DNA differences to functional impacts,” said George Church, co-founder of Astromech. “Most of the variations that matter for complex traits, for example, morphology and longevity are regulatory rather than coding, so reconstructing the ancestral regulatory state, not just the ancestral protein, has the crucial explanatory power. That takes functional data across many species rather than sequence alone, and AI reconstruction cheap enough to run genome-wide. Neither was true ten years ago.”

Moving from Prediction to Application

Today, Astromech’s unified modeling engine and longevity explorer are operational across genomes, traits, genes and clades. The company’s next phase will include forecasting pilots with partners in health and biosecurity, applying its vulnerability and trajectory models to real-world biological challenges. Over time, Astromech aims to prospectively validate its forecasts and integrate confirmed predictions into early-warning systems and therapeutic research programs. Its long-term vision is to build a global platform capable of anticipating biological change before it occurs.

Astromech is hiring across ancestral modeling, regulatory genomics, genomic inference, sequence reconstruction, metabolic modeling and protein folding.

About Astromech

Astromech is an AI company building a predictive model of biology. Combining deep learning across multi-species genomic and functional data with Bayesian reconstruction of ancestral sequence and regulatory state, Astromech is developing a unified biological intelligence architecture designed to predict how living systems change, identify where they are most vulnerable, and surface the regulatory mechanisms driving both. Astromech was co-founded by George Church and Ben Lamm, the company is headquartered in Dallas, Texas. astromech.com

https://astromech.com/

Solomon Islands – Central Makira Constituency acknowledges PRC’s support of agricultural tools and equipment

Source: Solomon Islands Government Ministry of Rural Development

DATE: THURSDAY 20TH AUGUST, 2026

The Central Makira Constituency Office has expressed profound gratitude to the People's Republic of China (PRC), through its Embassy in Solomon Islands, for its generous donation of farming tools and equipment to cocoa and coconut farmers in the constituency.

The assistance includes 66 wheelbarrows, 66 bush knives, 66 brush knives, 66 spades, and 5 cartoon polybags of 33,000 pieces. It is aimed at boosting agricultural production, particularly cocoa and coconut – thereby strengthening the local economy and improving rural livelihoods.

At a recent handover ceremony, Constituency Development Officer (CDO) Gravis Tahiri commended the PRC for its continued support to the constituency and to Solomon Islands' broader development goals in agriculture, infrastructure, health, education, and rural livelihoods.

He said the assistance is a welcome boost not only to the constituency office but to farmers themselves, enhancing their capacity and productivity.

Mr Gravis added that the support reflects the strong partnership and enduring friendship between Solomon Islands and the People's Republic of China, with tangible benefits reaching rural communities.

“This support will directly improve the lives of our farmers by providing the right tools and equipment for their farming activities. Many of our rural people rely heavily on agriculture, and this assistance gives them greater economic opportunity and improved livelihoods,” Mr Gravis said.

He added that the constituency remains committed to ensuring development assistance is channelled through a fair and transparent process, directed toward projects with lasting, meaningful impact on people's lives.

Representing the Chinese Embassy in Solomon Islands, Secretary Mr Wang Jinzhao, said the PRC was pleased to provide the support.

He reaffirmed that the Embassy remains committed to working closely with Solomon Islands to support its development across all sectors, and to jointly build a China–Solomon Islands community with a shared future in the new era.

A formal handover of the agricultural tools from PRC to Central Makira Constituency. Pictured, Constituency Accountant Harry Waiwariki receiving the assistance from the Chinese Embassy in Solomon Islands, Secretary Mr Wang Jinzhao in the presence of CDO Gravis Tahiri in blue shirt from behind and few constituency reps.

The agricultural tools during loading from the handover venue to wharf for delivery in the constituency.

Part of the assistance.

Source: MRD Media

The Ministry of Rural Development (MRD) is one of the 24 ministries within the Solomon Islands Government (SIG) machinery. MRD is established on the 28th September, 2007.

Its core mandates as contained under Legal Notice 164 in accordance with the Constitution of Solomon Islands is to oversee the effective planning and implementation of Government’s Rural Development Policies.

Our vision is to ensure all rural Solomon Islanders become meaningfully participated in development activities to improve their social and economic livelihood.

Website: Ministry of Rural Development

Aviation – Chapman Freeborn Greater China and Magma Aviation Expand Air Cargo Collaboration

Source: Chapman Freeborn Greater China

2026/08/19 – Following the signing of an agreement on 25 June 2026, Chapman Freeborn Greater China (CF Greater China) has been appointed as Magma Aviation's General Sales and Service Agent (GSSA) across Greater China.

Since the launch of Magma Aviation’s scheduled B747-400F services in China, CF Greater China has supported the company’s commercial development and operational activities in the market. The collaboration also extends to Europe, where Chapman Freeborn Cargo Capacity Management (CCM) in Frankfurt serves as Magma Aviation’s General Sales Agent and supports its cargo management activities.

Building on the companies’ cooperation in China and Europe, CF Greater China’s appointment as GSSA marks the next stage of their partnership, establishing a deeper strategic collaboration in Greater China. Through this expanded collaboration, Magma Aviation will combine its expertise in long-term and ad hoc air cargo charter solutions with CF Greater China’s local market expertise and regional commercial presence.

Together, the companies will provide enhanced support to customers across Greater China. The agreement establishes a clear framework for closer cooperation between the two organisations. This will support a consistent, customer-focused approach and help maximise opportunities across the region.

Peter Kerins, Chief Executive Officer of Magma Aviation, said:

“Greater China remains a strategically important market for Magma Aviation. Appointing CF Greater China as our GSSA further strengthens our presence in the region and reflects our commitment to building closer relationships with our customers through a more localised market approach. This collaboration will enable us to provide our customers with the flexibility and specialist expertise they expect from Magma Aviation.”

Allen Liu, President of Chapman Freeborn Greater China, said:

“We are pleased to further strengthen our collaboration with Magma Aviation through this appointment. Together, we will combine global air cargo capabilities with local market expertise to provide customers across Greater China with broader access to air cargo solutions, responsive support and a seamless service experience.”

By aligning resources and complementary expertise across the Chapman Freeborn Group, the partnership will provide customers with faster response times, more tailored support and access to a broader range of air cargo capacity solutions.

About Chapman Freeborn

With more than 50 years of experience and extensive global coverage, Chapman Freeborn provides private air passenger and cargo charter services for major corporations, governments, NGOs, relief agencies, and high-net-worth individuals. The company is part of Avia Solutions Group, the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, operating a fleet of 136 aircraft worldwide and the parent company of over 250 subsidiaries. The group offers a wide range of aviation solutions, including MRO (Maintenance, Repair, and Overhaul), pilot and crew training, ground handling, and other related aviation services. Supported by 11,000 highly skilled aviation professionals, the group operates across six continents.

For more information, please visit Chapman Freeborn.

Universities – Charging ahead with longer lasting, more sustainable batteries – Flinders

Source: Flinders University

20 August 2026

While soaring demand for lithium-ion batteries pushes prices higher, Flinders University experts are making headway into launching a safe and more sustainable zinc-iodine rechargeable battery.

In their latest study, published in high-profile international journal Angewandte Chemie (https://onlinelibrary.wiley.com/doi/full/10.1002/anie.6010682), the research team has designed an aqueous zinc-iodine battery (AZIB) that can be charged and discharged over 60,000 cycles.

“Rechargeable aqueous zinc-iodine batteries are shaping up as a viable alternative to popular lithium-ion batteries for large-scale energy storage and our group is now working with industry to establish a prototyping platform for this alternative battery system,” says Associate Professor in Chemistry Zhongfan Jia (http://www.flinders.edu.au/people/zhongfan.jia), Matthew Flinders Fellow at Flinders University’s College of Science and Engineering.

Iodine is one of the most effective materials for rechargeable batteries, with the potential to store a high amount of energy relative to its weight – around 211 mAh/g (milliampere-hours per gram).

However, one of the biggest challenges with this new battery technology is stopping iodine species from moving to places it shouldn’t inside the unit.

The new battery uses a low-cost organic cyclodextrin-based polymer that helps store and control key chemicals, allowing it to charge quickly while maintaining performance. When fully charged in seven minutes, it can operate at 1.3 to 1.4 volts (V) with a capacity of 200 mAh/g over 8000 cycles, or charged in just three minutes and last for more than 60,000 cycles at 150 mAh/g.

Cyclodextrins are widely used in food, pharmaceutics and cosmetic ingredients. Their unique structure acts like a cage, locking iodine compounds in place and preventing them from disrupting the battery’s operation.

“This system offers a new approach to mitigate polyiodide shuttling by using polymers derived from inexpensive, biodegradable materials, thereby enabling sustainable and long-lasting aqueous zinc-iodine batteries,” says Associate Professor Jia.

Increasing demand and consumption of lithium-ion batteries (LIBs), from electric vehicles to portable electronic devices, have led to resource shortages, costly supply issues and major waste-recycling issues. Australia produces about 3300 tonnes of LIB battery waste (https://www.dcceew.gov.au/environment/protection/publications/waste-lithium-ion-battery-projections) a year, which is expected to rise to more than 136,000 tonnes by 2036.

The new batteries rely on zinc metal, a low-cost and widely available metal for which Australia holds the world's largest known zinc reserves, accounting for 20%- 28% of the global total.

“As a top global producer and exporter, we can use these zinc resources for safer energy storage, which is important for energy manufacturing in Australia,” says first co-author Shangxu Jiang, a PhD student at Flinders University’s Jia Lab which works on Sustainable Polymers for Energy and Environment (https://www.jia-lab.com/).

Second first author Zhipeng Pei, working with senior co-author Flinders University Professor Michelle Coote (https://www.flinders.edu.au/people/michelle.coote), devised the computational modelling to support this project.

The article – ‘Caging polyhalide anions in polycyclodextrin for long-lasting aqueous zinc-iodine batteries’ (https://onlinelibrary.wiley.com/doi/full/10.1002/anie.6010682) (2026) by Shangxu Jiang, Zhipeng Pei, Yanlin Shi, Kai Zhang, Justin M Chalker, Sara J Fraser-Miller, Michelle L Coote and Zhongfan Jia – has been published in Angewandte Chemie International Edition (Wiley) DOI: 10.1002/anie.601068.

https://doi.org/10.1002/anie.601068

Acknowledgements: The project was funded by Australian Research Council (ARC) grants (DP230100587, DP230100642, DP260100462, DP230100555 and CE230100021) and support from the National Facility of the Australian National Computational Infrastructure and Flinders Deepthought, the Flinders University High Impact Collaborative Research Development Fund, YG Green Power Superstore and the Zhejiang Sci-Tech University.

The authors also acknowledge the Flinders Microscopy and Microanalysis and Australian National Fabrication Facility (ANFF) SA node for technical support and equipment.

Caption: PhD candidate Shangxu (Simon) Jiang in the Jia Lab (https://www.jia-lab.com/) at Flinders University.

Headshot – Jia Lab research lead Associate Professor Zhongfan Jia is investigating advanced chemistries to build macro-molecular structures for sustainable solutions in clean energy storage and green catalysis.

East-West Center Launches Second Edition of US-Philippines Publication

Source: East-West Center

Aug. 19, 2026

A collaboration with the US Embassy in the Philippines to celebrate the 80^th anniversary of US-Philippines diplomatic relations, this latest edition highlights the Philippines’ vibrant diaspora and partnership with the United States on infrastructure and critical mineral supply chains.

HONOLULU (August 19, 2026) — The East-West Center launched the second edition of The Philippines Matters for America / America Matters for the Philippines at the Imin International Conference Center on August 10, underscoring the long-standing yet ever-evolving ties between the United States and the Philippines. View photos from the event on Flickr. (https://flic.kr/s/aHBqjD2FNb)

A collaboration between the East-West Center and the US Embassy in the Philippines, the publication features infographics, data, and analysis of the economic, security, and people-to-people connection between the two countries at the national, state, and local levels.

Welcome remarks were given by Celeste Connors, President of the East-West Center, and delivered via video by Ambassador Lee Lipton, United States Ambassador to the Philippines. Ambassador Jose Manuel del Gallego Romualdez, Ambassador of the Philippines to the United States, gave keynote remarks, while Hawaiʻi Senator Brian Schatz and Representative Young Kim (CA-40) offered congressional perspectives on eight decades of the US-Philippines relationship.

“From strengthening economic resilience and expanding trade and investment to advancing regional security, educational exchanges, healthcare cooperation, and enduring people-to-people ties, our alliance continues to grow in relevance and impact,” said Ambassador Romualdez in his remarks.

“We want American companies doing business in the Philippines. We want Filipino companies doing business in America,” said Ambassador Lipton. He added: “Artificial intelligence, advanced technology, and civil nuclear energy – these are the industries of the future. America is leading the way. We want the Philippines on our team at the leading edge.”

The launch featured a panel discussion with Consul General Arman R. Talbo, Consulate-General of the Philippines in Honolulu; Dr. Patricia Halagao, Co-Director of the Center for Philippine Studies at the University of Hawaiʻi at Mānoa; Dr. Miemie Winn Byrd, Professor at the Daniel K. Inouye Asia-Pacific Center for Security Studies; and Col. Andrew DuBois, US Pacific Command Director of Southeast Asia Policy and Engagements.

“The United States and the Philippines are longstanding allies with a relationship that extends well beyond just our security partnership. This deep connection is especially visible here in Hawai'i, where the Filipino community has shaped our history, our culture, our economy, and our identity,” President Connors stated. “It extends across our work here at the East-West Center with our focus on economic security, bringing governments, businesses, and regional leaders together to move dialogue to practical cooperation. The Center's work is underpinned by the cultural ties and relationships that connect our communities.”

The launch was attended by 126 guests, including members of the Hawaiʻi state legislature and their staff, members of the Consular Corps of Hawaiʻi, business leaders, regional experts, students, and members of the Filipino American community. Capping the event was a reception that featured Filipino fare like lumpia and pancit, along with Filipino folk dances by the Mendoza Philippine Dance Group.

The second edition of The Philippines Matters brings to light updated key facts and figures that underpin the US-Philippines relationship. These include:
* Bilateral trade between the United States and the Philippines totals $41.7 billion annually;
* The United States is the Philippines’ top export market and its third largest overall trading partner, as well as the top single-country exporter of agricultural products to the Philippines;
* During the 2024/2025 academic year, 4,573 students from the Philippines studied in the United States, the largest cohort on record; and
* Philippine visitors add $2 billion to the US economy annually, while the United States was the second largest source of visitors to the Philippines in 2025.

Digital projects by participants in the EWC’s Young Professionals Program were released alongside the launch, highlighting and exploring local links between the Philippines and Hawai‘i over eight decades and more of history. Their work on Filipino American historic sites in Hawai‘i (https://asiamattersforamerica.org/articles/filipino-american-historic-sites-in-hawaii) and sister cities of Hawai‘i and the Philippines (https://asiamattersforamerica.org/articles/sister-cities-of-hawaii-and-the-philippines) can be viewed on the AsiaMattersforAmerica.org website, along with the new edition of (https://asiamattersforamerica.org/uploads/publications/2026-Philippines-Matters-for-America.pdf) The Philippines Matters for America / America Matters for the Philippines (https://asiamattersforamerica.org/uploads/publications/2026-Philippines-Matters-for-America.pdf) .

The East-West Center promotes better relations and understanding among the people and nations of the United States, Asia, and the Pacific through cooperative study, research, and dialogue. Established by the US Congress in 1960, the Center serves as a resource for information and analysis on critical issues of common concern, bringing people together to exchange views, build expertise, and develop policy options.

Investment Sector – Bond vigilantes are back, warns deVere CEO

Source: deVere Group

August 18 2026

Bond vigilantes are back in the room, and equities are about to find out what that costs, warns the CEO of global financial advisory deVere Group.

Nigel Green comments come as 30-year US government borrowing costs push to levels unseen since 2007, dragging stocks lower for a third straight session and forcing investors to reprice risk across every asset class at once.

“Bond vigilantes never went away, they just went quiet for a while,” he says. Green. “What we are watching now is the reawakening.

Long-dated yields above 5% for the better part of a month, an oil price climbing past $85 on Middle East risk, and inflation still running above target five years running: that combination is exactly what wakes the vigilantes up.”

The 30-year Treasury yield has traded above 5% on more sessions this year than in any year since 2007, when it spent 50 trading days at that level.

The Treasury market itself has swollen from $4.5 trillion in 2007 to more than $31 trillion today, while federal debt has doubled as a share of the economy to beyond 100% and annual interest payments have pushed past $1 trillion for the first time.

The deVere CEO continues: “A government paying more than $1 trillion a year just to service debt, with a fresh wave of long-dated issuance still to come, is a government whose bond buyers get to set the terms.

“Investors are no longer taking on faith that spending gets brought under control. Inded, they're pricing the risk that it doesn't.”

Renewed tension around the Strait of Hormuz and a stalled path toward any US-Iran settlement have pushed crude firmly higher, reviving inflation worries just as traders had been paring back expectations for further interest-rate cuts.

Nigel Green says the oil move could not be arriving at a worse moment for bond sentiment.

“Every dollar added to the oil price makes the inflation argument harder for the Federal Reserve and easier for the vigilantes,” he says.

“A central bank trying to cut into an inflation backdrop that refuses to cooperate is a central bank that loses credibility with the people buying its government's debt, and once credibility goes, yields stop reflecting growth expectations and start reflecting a demand for compensation.”

He points to the surge in corporate borrowing tied to artificial intelligence infrastructure as a second pressure building underneath the government bond market.

“Sovereign issuance is not the only long-dated paper flooding the market right now,” says the deVere CEO.

“Hyperscale borrowing to fund AI infrastructure is competing for the same pool of buyers at the same moment governments need those buyers most.

“Crowd two urgent borrowers into one market and the price of patience goes up for everybody.”

Asked what the bond vigilantes do next if yields keep climbing, Nigel Green sets out three consequences investors should prepare for.

“First, equity valuations built on cheap discount rates come under direct pressure, and the most expensive, most narrative-driven parts of the market feel it first,” he says.

“Second, governments face a real choice between spending discipline and materially higher borrowing costs, and markets will keep testing which one they choose.

“Third, currencies and emerging markets absorb the spillover, because capital chases the highest safe yield wherever it appears.”

He argues investors should not wait for a definitive signal before adjusting.

“Nobody rings a bell when vigilantes take control,” Nigel Green concludes.

“30-year yields at a near two-decade high, oil climbing on real geopolitical risk, and a government borrowing more than a trillion dollars a year just to stand still already qualify as the warning sign, happening right now, and portfolios still priced for calm bond markets need to catch up with it quickly.”

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

UK gilts disproportionately exposed to global bond sell-off – deVere Group

Source: deVere Group

August 18 2026

UK gilts could become the weakest link in an intensifying global bond sell-off, warns the CEO of one of the world's largest independent financial advisory and asset management organisations.

Nigel Green of deVere Group's comments come as a fresh sell-off in government bonds sweeps global markets, dragging borrowing costs to multi-decade highs after hopes of an end to Middle East hostilities collapsed overnight and gilts are being pulled higher in sympathy with US Treasurys.

“Every government bond market is exposed to this shock, but Britain is exposed twice over,” says Nigel Green.

“The trigger is the same everywhere: a ceasefire window that shut without a deal, an attack on shipping in the Strait of Hormuz, oil pushing back above $90 a barrel, and inflation fears flooding back into markets that had barely priced them out.”

The ceasefire between Washington and Tehran lapsed without renewal, both sides have ruled out further talks, and overnight a vessel transiting the Strait of Hormuz was struck by a projectile, reviving fears over a route that carries a vast share of the world's energy trade. 30-year US Treasury yields have pushed to their highest since 2002, 20-year Treasurys to a post-2006 high, and the 10-year to levels last seen in 2007.

“Gilts do not sit this one out,” notes Nigel Green. “UK 10-year borrowing costs have already broken above 5% twice this year on this exact Iran dynamic, an 18-year high each time, and the 30-year gilt hit its highest level since 1998 only months ago.

“Today's moves look set to extend that pattern, not break it.”

The deVere CEO argues the UK carries structural weaknesses that most of its peers do not.

“Public sector debt sits close to 95% of GDP, nearly triple where it stood before the financial crisis, and debt interest alone now swallows more than 100 billion pounds a year, one of the heaviest debt-servicing burdens Britain has carried in half a century,” he says.

“A fiscal margin measured in single-digit billions is sitting underneath a debt pile measured in trillions, and a bond shock this size does not leave much room to move.”

He points to a second, more technical vulnerability that sets gilts apart from Treasurys and Bunds.

“Close to a quarter of the gilt market is inflation-linked, the largest share of any major developed economy,” Nigel Green explains.

“When an oil shock like this one hits, that index-linked debt raises the government's own interest bill automatically, in real time, without a single new bond being issued.

“We estimate roughly two-thirds of the jump in 10-year gilt yields after an inflation shock comes from investors simply demanding more compensation to hold UK debt, a structural penalty Washington and Frankfurt do not pay in the same way.”

As such, the Bank of England now faces a genuinely uncomfortable choice.

“Weak growth was already pointing toward rate cuts, and now an oil-driven inflation spike is pointing the other way entirely,” notes the CEO.

“Markets have swung from pricing cuts to pricing hikes inside a matter of months. A central bank forced to tighten into a slowing economy, alongside a government with almost no fiscal headroom left, is precisely the combination that has punished sterling and gilts hardest in the past.”

He concludes with a direct warning for portfolios weighted toward UK assets.

“Investors who assume a global bond shock lands evenly across major markets are misreading this one.

“Britain carries more debt, less headroom, and a bond market that reacts to inflation more violently than its peers. Anyone holding UK-weighted portfolios needs to understand that gilts are not a safe proxy for this storm.

“In fact, they're close to its centre.”

deVere Group is one of the world's largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of offices around the world, more than 80,000 clients, and $14bn under advisement.

Energy Sector – Equinor joins Chevron in Namibia exploration licence

Source: Equinor ASA

18 August 2026 17:02 (CEST)

Equinor has signed an agreement with Harmattan Energy Limited, a Chevron subsidiary in Namibia, to acquire a 17.4% participating interest in Petroleum Exploration Licence 90 (PEL 90) in the Orange Basin offshore Namibia.

The transaction marks Equinor’s entry into Namibia and the licence provides access to a drill-ready prospect scheduled for testing in 2026.

“This transaction aligns with our strategy to strengthen and replenish our international portfolio through focused and disciplined growth. Namibia is a promising basin that adds attractive option value to our portfolio and complements our broader Atlantic Margin position,” says Philippe Mathieu, executive vice president for Exploration & Production International.

The licence relates to Block 2813B in the Orange Basin, offshore Namibia, and is operated by Chevron. Prior to the transaction, Chevron’s subsidiary owned an interest of 52.5% in PEL 90, with the other partners in the licence being QatarEnergy (27.5%), Trago Energy (10%) and the state-owned oil company NAMCOR (10%).

The closing of the transaction is subject to regulatory approvals and completion processes.

Official release