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_with legal checklist & estimated minimum investment in Manila Quick overview — the 8 core steps to start your business in Manila Validate idea & build a short business plan  (market, costs, revenue model, breakeven). Choose a business structure  — sole proprietorship, partnership, corporation, branch/representative office, or register in a special economic zone. Register your business name  (DTI for sole proprietorship; SEC for corporations). ( BNRS , Philippines Business Registration ) Secure local permits  — barangay clearance, Mayor’s permit / Business Permit (City of Manila), fire & sanitary permits, occupancy/lease documentation. ( Emerhub ) Register with the Bureau of Internal Revenue (BIR)  — get a TIN, register books of accounts, and authority to print official receipts/invoices. ( Philippines Business Registration ) Register employees & contributions  — SSS, PhilHealth, Pag-IBIG employer accounts and withholdings. ( RESPICIO & CO. ) Industry-specific licenses  — FDA (food/health), DOT (tourism), Bureau of Customs (imports), environmental permits, BOI/PEZA registration if seeking incentives. ( Philippines Business Registration , Wikipedia ) Open a business bank account, set up accounting, and launch. Detailed step-by-step Step A — Plan & choose structure Sole proprietorship  (DTI) — easiest & fastest for micro/small retail or e-commerce. Corporation (stock)  (SEC) — recommended for growth, multiple shareholders, or foreign investors. Corporations give limited liability and easier access to capital. Branch / Representative Office  — for foreign parents that want presence without a local corporation (these have specific capital rules). ** Register with the right agency: DTI  for sole proprietorship business names; SEC  for partnerships & corporations; CDA  for cooperatives. ( BNRS , Philippines Business Registration ) Step B — Reserve & register the business name Use the DTI Business Name Registry (BNRS) for sole proprietorships; SEC name reservation for corporations. You can do many of these steps online. ( BNRS ) Step C — Barangay clearance & Mayor’s permit (City of Manila) After name & national registration, apply for barangay clearance  (local barangay office) and Mayor’s permit (business permit)  from the City of Manila Business Permits & Licensing Office. You will usually need: lease contract / proof of address, identity documents, SEC/DTI papers, and barangay clearance. Processing times have improved under the Ease of Doing Business law but requirements vary by LGU. ( Emerhub , RESPICIO & CO. ) Step D — BIR registration (tax) Register your business with BIR  for TIN, register books of accounts, obtain authority to print official receipts, and learn whether you must register as VAT or non-VAT (thresholds apply). There’s an annual registration fee and specific documentary requirements. ( Philippines Business Registration ) Step E — Social & payroll registrations SSS, PhilHealth, Pag-IBIG  registrations as employer — enroll employees and set up contribution remittances. These are mandatory once you start hiring. ( RESPICIO & CO. ) Step F — Industry permits & compliance Food / Health / Cosmetics  → Philippine FDA licensing (product registration, sanitary permits). Import/Export  → Bureau of Customs registration, and consider PEZA/BOI  if you seek tax incentives or are export-oriented. ( Philippines Business Registration , Wikipedia ) Legal considerations (must-know) Licensing & sector limits Some sectors are restricted or require Filipino ownership  (e.g., certain utilities, land, mass media). Check the latest Negative List and sectoral rules before structuring ownership. ( ASEAN Briefing ) Foreign ownership & minimum-capital rules (important) Domestic Filipino corporations:  statutory minimum paid-up capital is very low (₱5,000) on paper, but real capital needed depends on the business. ( incorporation.ph ) Foreign-owned companies : typical  rule of thumb: a minimum paid-up capital ≈ US$200,000  for companies serving the domestic market. This can be reduced to US$100,000  if the business employs at least 50 Filipinos or involves advanced technology, or if registered in certain economic zones or as an export enterprise. Export-oriented firms that meet export thresholds may be allowed 100% foreign ownership with much lower paid-up capital (even PHP 5,000) but will need extra documentation and approvals. Always confirm the precise classification and documentary requirements with SEC/BOI. ( RESPICIO & CO. , Emerhub , FilePino ) Tip:  "If you’re a foreign entrepreneur, discuss entity type (local corp vs branch vs PEZA) with a lawyer — structuring determines capital rules, tax incentives, and allowed activities". Tax & incentives The Philippines introduced major tax incentive reforms to attract investment (new corporate tax rates and longer incentives for registered projects). Businesses that register with the BOI  or locate in PEZA  zones can access fiscal incentives (tax holidays, duty-free importation of capital equipment) — useful when planning investment sizing. ( Reuters , Philippines Business Registration ) Minimum investment — realistic numbers & examples Short answer:  "It depends strongly on the structure and sector. below are typical  ranges and factual thresholds to guide planning". A. Micro / Sole proprietorship (local founder) Legal minimum:  DTI registration and statutory minimum capital can be very low — effectively you can start a micro retail or online service business with under ₱50,000–₱200,000  for basic setup (business registration fees, signage, small inventory, web presence). (This is a practical startup estimate — exact needs vary.)  ( BNRS ) B. Domestic corporation (Filipino-owned) Statutory paid-up capital:  ₱5,000 minimum on paper, but practical initial capital should be higher depending on operations (rent, staff, inventory, equipment). ( incorporation.ph ) C. Foreign-owned domestic market company Common rule of thumb:   US$200,000 paid-up capital  for typical domestic business. Exemptions/reductions:   US$100,000  if the company uses advanced technology or employs at least 50 people; lower  if export-oriented or inside PEZA/SEZ. Confirm with SEC/BOI/practitioner. ( RESPICIO & CO. , Emerhub ) D. Retail foreign investors Certain retail activities have separate minimum investment thresholds (example: historically large minimums like US$2.5M for some foreign retail setups) — check the Retail Trade Liberalization and current implementing rules. ( HKTDC Research ) Reality check:  even if the statutory minimum is low, realistic startup capital should cover at least 6 months of operating costs (rent, payroll, utilities, marketing, inventory). For Manila, factor in higher rents than secondary cities. Practical timeline & costs (typical) Name reservation & DTI/SEC filing:  1–7 days (online options speed this up). ( BNRS ) Barangay & Mayor’s permit:  a few days to 2 weeks depending on LGU inspections and completeness of documents. ( Emerhub ) BIR registration:  usually within days if docs are correct. ( Philippines Business Registration ) Industry licensing (FDA / environmental):  can take weeks to months depending on product approvals. Compliance checklist (what to prepare & keep handy) Valid IDs (passport for foreigners), TIN (once registered), lease contract or land title, DTI/SEC certificate, barangay clearance, Mayor’s permit, BIR registration & receipts, Social Security/PhilHealth/Pag-IBIG employer accounts, fire safety clearance, sanitary permit, industry-specific approvals (FDA, DOT, etc.), BOI/PEZA paperwork (if applicable). Useful contacts & help DTI BNRS  (business name registration portal). ( BNRS ) SEC (Securities and Exchange Commission)  — for incorporations & foreign company filings. ( Philippines Business Registration ) City of Manila Business Permits & Licensing Office  (for Mayor’s permit and local requirements). ( Emerhub ) BIR  (tax registration). ( Philippines Business Registration ) BOI / PEZA  — for incentives if you’re planning export, manufacturing or strategic investments. ( Philippines Business Registration , Wikipedia ) Final tips — do this before you start Speak to a local CPA and lawyer  — tax structure, foreign-ownership rules and incentives are area-specific and can materially affect your capital needs. Visit the DTI Negosyo Center  in Manila — they offer guidance for MSMEs and can help with initial registrations. ( BNRS ) Consider a phased launch : start small (sole proprietorship or branch for non-revenue activities) while you validate demand; then scale into a corporation once revenue is stable. Explore incentives  (BOI/PEZA) — they can reduce your effective investment and operating costs but come with compliance strings attached. ( Reuters , Philippines Business Registration ) Sources / further reading (key official & practical references) DTI Business Name Registry (BNRS) — business name registration & resources. ( BNRS ) Philippines business registration steps & BIR guide. ( Philippines Business Registration ) Mayor’s permit & barangay clearance process overview (Emerhub on Philippines). ( Emerhub ) Paid-up capital rules & foreign investor practical guidance ( incorporation.ph / respicio). ( incorporation.ph , RESPICIO & CO. ) BOI incentives & registration overview. ( Philippines Business Registration ) Recent tax reform & incentive changes (Reuters summary of Corporate tax reform to attract investment). ( Reuters ) _ Daily Growth Insights

In a rapidly shifting global landscape, the influence of regions Beyond Asia  is growing more pronounced. While Asia continues to play a central role in trade, technology, and geopolitics, 2025 is witnessing a broader redistribution of power, innovation, and climate leadership across continents. From Africa's rise in renewable energy to Latin America's assertive economic strategies, change is unfolding far beyond traditional power centers. This article provides a timely update on how the world is evolving Beyond Asia , offering key insights into the future of global governance, economy, and diplomacy. "Power Shifts in a Multipolar World" In 2025, the world is no longer dominated by a unipolar or even bipolar system — Beyond Asia , new power centers are emerging in Africa, Latin America, and parts of Europe. While the U.S. and China remain central actors, countries like Brazil, Nigeria, and Turkey are increasingly asserting global influence through trade alliances, green energy investments, and regional security initiatives. Beyond Asia’s traditional focus on East-West dynamics, this broader geopolitical recalibration is creating opportunities—and tensions—across new fault lines. "Global Economic Realignment" Beyond Asia , economic momentum is being rebalanced as inflation eases in the West but surges in resource-rich developing nations. The IMF recently projected that emerging markets outside Asia  will grow at 3.8% in 2025 , compared to 2.5% in developed economies. Meanwhile, Asia remains a key manufacturing and tech hub, but Beyond Asia , reshoring efforts and nearshoring policies are gaining pace in the Americas and Eastern Europe—reshaping global supply chains. Global GDP Growth Forecasts (2025) - Beyond Asia Region Projected Growth Key Driver Southeast Asia 4.7% Tech exports, tourism Sub-Saharan Africa 4.2% Renewable energy Latin America 3.5% Agritech, mining North America 2.4% Manufacturing reshoring Europe 1.9% Green policy transitions "Climate Leadership Beyond Asia" As climate disasters escalate globally , leadership Beyond Asia  is diversifying. While Asian countries like Japan and South Korea invest heavily in carbon capture and green hydrogen, nations beyond Asia , including Chile, Denmark, and Kenya, are becoming climate tech trailblazers. Notably, Denmark now sources 76% of its electricity from renewables , and Kenya has launched Africa's first geothermal-powered data center. These shifts Beyond Asia are creating new models of climate resilience and decentralized clean tech solutions. "Tech and AI Innovation Expanding Globally" Tech advancement isn’t confined to Silicon Valley or Shenzhen anymore. Beyond Asia , AI and biotech ecosystems are rising in cities like Toronto, Tel Aviv, Nairobi, and São Paulo. With regulatory frameworks still catching up, Beyond Asia is seeing experimentation in open-source AI , digital identity , and blockchain voting systems . India remains a tech leader in Asia, but Beyond Asia’s decentralization of innovation is driving unexpected collaborations and cross-border tech diplomacy. "Diplomacy and the Future of Global Governance" In this evolving world, Beyond Asia , diplomacy is shifting toward inclusive multilateralism. Organizations like BRICS+  and the African Union  are increasingly pushing for expanded representation in global institutions like the UN and IMF. Meanwhile, Asia’s voice remains powerful, but the growing activism Beyond Asia—from indigenous leaders in Latin America to women-led policy shifts in Scandinavia—signals a future global order rooted in shared governance and decentralized leadership. _ Daily Growth Insights

In a surprising economic turn, the Philippines economy  experienced its lowest inflation rate in nearly six years, as consumer prices in July 2025 rose by only 0.9% year-on-year , significantly below the forecasted 1.1%  and June's 1.4%  reading. This sharp deceleration in inflation is largely attributed to a 15.9% plunge in rice prices , one of the country’s most vital staple commodities. Improved harvest conditions, government import interventions, and increased supply chain efficiency are believed to have contributed to this price drop. A Boon for Households For Filipino households—particularly low-income families—this offers a rare reprieve from months of financial pressure. Rice, which makes up a significant portion of household food budgets, has seen price volatility over the past few years due to global supply disruptions and climate impacts. With inflation falling well below the Bangko Sentral ng Pilipinas (BSP)  target range of 2–4%, attention now turns to monetary policy . This could increase pressure on the BSP to lower interest rates  in the coming months to stimulate economic activity and support sectors still recovering from pandemic-era slowdowns. However, analysts caution against premature optimism. “While the numbers are encouraging, the central bank must weigh global risks and domestic demand before shifting policy,” one economic expert noted. What Lies Ahead Despite this positive inflation data, the broader outlook for the Philippines economy  will depend on: Global commodity price trends El Niño and weather-related agricultural disruptions BSP’s monetary policy stance in Q3 and Q4 For now, though, Filipinos can breathe easier knowing the cost of living has eased — at least temporarily. _ Daily Growth Insights

Brisbane, Australia — August 6, 2025 In one of the largest education strikes in recent Australian history, over 50,000 teachers across Queensland  have walked off the job, demanding higher pay, improved work conditions, and better classroom support. The strike—organized by the Queensland Teachers' Union (QTU) —is expected to affect learning for more than 560,000 students  across public and independent schools. Despite the widespread action, the Queensland Department of Education has confirmed that schools will remain open  under emergency staffing and limited programming. However, many parents have chosen to keep children at home or seek alternatives due to uncertainty and reduced classroom supervision. “We’re doing everything we can to ensure student safety and minimal disruption,” said Education Minister Grace Hynes , urging both parties to resume negotiations. The QTU is calling for a 15% pay rise over three years , citing inflation, increased workloads, and growing teacher attrition rates. The union argues that Queensland teachers are falling behind their counterparts in other states and that the profession is facing a “critical staffing crisis.” Government negotiators had previously offered an 8% increase over the same period, which the union rejected. “This strike isn’t just about salary—it’s about the sustainability of the teaching profession in Queensland,” said QTU President Shane Marshall  during a rally outside Parliament House in Brisbane. As classrooms empty out, childcare centers and theme parks across Queensland  are seeing a noticeable rise in demand. Parents seeking last-minute solutions have turned to local daycare providers , many of whom are reporting fully booked schedules  for the week. Meanwhile, major attractions like Dreamworld, Sea World, and Australia Zoo  have launched special weekday promotions to accommodate the influx of families. “It feels like a mini school holiday,” said one parent visiting Dreamworld. “We had to adapt quickly—this was the easiest plan B.” The strike has sparked mixed reactions from the public. While many sympathize with teachers' calls for fair treatment, others have voiced frustration over the impact on working families and students preparing for final exams. The Queensland Premier has called for “urgent and respectful dialogue,” though union leaders say further strikes could follow if demands are not addressed. Negotiations are expected to resume later this week, but if no resolution is reached, the QTU warns of rolling regional strikes  in the coming months. With national attention now on Queensland, the outcome may influence education policy debates across Australia , especially as other states face similar workforce challenges. _Daily Growth Insights

While AI tools are making headlines for revolutionizing software development, SAP executives emphasize a powerful truth: real human talent is still essential. Speaking at recent tech and enterprise events, SAP leadership reaffirmed that demand for developers—particularly those skilled in SAP technologies—remains high across industries. Despite the buzz around AI-assisted coding platforms like GitHub Copilot and others, the need for expert developers who understand enterprise systems, integrations, and business logic is not declining. Talent Gap Persists in Enterprise Tech SAP, one of the world’s leading providers of ERP and business management software, faces ongoing hiring needs. From S/4HANA specialists to cloud platform architects, organizations continue to search for professionals capable of handling real-world, enterprise-grade challenges. “AI tools assist, but they don’t replace the value of strategic thinking, domain expertise, and business process knowledge,” said one SAP executive during an industry roundtable. SAP acknowledges the role of AI in streamlining workflows, generating boilerplate code, and increasing productivity. However, the company clarifies that AI is an enabler—not a substitute—for core technical skills. Tools may accelerate development, but it takes human intelligence to design scalable architectures, ensure compliance, and align with business goals. From finance to manufacturing, logistics to healthcare, companies that rely on SAP systems are actively seeking developers, consultants, and engineers. The rise in digital transformation projects has only expanded opportunities for skilled professionals in SAP’s ecosystem. SAP Certifications Hold Value In 2025, SAP certifications continue to carry significant weight. Recruiters and HR professionals confirm that certified SAP experts are commanding high salaries and stable career trajectories—even in a tech landscape shaped by AI. The Human-AI Collaboration Model What’s emerging is not a battle between AI and humans, but a collaborative model where developers use AI tools to become more efficient, while still providing the decision-making and contextual expertise that machines lack. _Daily Growth Insights

In 2025, Turkey remains one of the top global destinations for cosmetic surgery—especially breast augmentation . With high-quality care at a fraction of the cost in the West, it's no wonder medical tourists are flocking to Istanbul, Izmir, and Antalya to enhance their looks while enjoying a vacation. But this year, it’s about more than affordability— personalized care, subtle aesthetics, and ethical treatment  define the new standard. 🇹🇷 Why Turkey? The Rise of Medical Tourism Turkey performs tens of thousands of breast implant procedures every year , and for good reason: Affordable pricing : Around $3,500–4,500  on average (vs. $7,000+ in the U.S. or U.K.) JCI-accredited clinics  with internationally trained surgeons All-inclusive travel packages  for surgery, hotel, transfers, and aftercare Luxurious recovery options  in seaside or city-center hotels Soraca Med  is one of the top recommended medical tour providers, offering carefully curated packages and access to certified, high-quality clinics for international patients. Trending in 2025: From Glam to Natural The era of oversized implants is fading fast. In 2025, patients—especially Gen Z and millennial women—are favoring: Smaller, more natural implants  (B or modest C cups) Anatomical planning  using 3D body scanners (like VECTRA) Fast-recovery surgical techniques  with less scarring and downtime Sustainability and ethics  in clinic operations and post-op care Many clinics emphasize aesthetic harmony —tailoring results to the body’s frame, rather than chasing exaggerated looks. The Experience: Plastic Surgery Meets Travel Imagine arriving in Istanbul, being greeted at the airport, chauffeured to a 4-star hotel, and then receiving care in a top-tier clinic with English-speaking staff. With partners like Soraca Med , this is the reality for many. Packages often include: VIP airport transfers 4–7 nights in a medical-grade hotel 24/7 bilingual support Post-surgical garments and medication Recovery recommendations and optional sightseeing "It’s medical care—wrapped in a vacation!". The Real Risks You Must Consider Despite the appeal, it's not without caution: Unregulated clinics  do exist—always verify certifications and surgeon experience Post-op complications  are harder to manage when you're back home Overly ambitious combo packages  can be dangerous—stick to single procedures Legal protections  for foreign patients are limited Tip : Use trusted tour providers like Soraca Med , which vets partner clinics for safety, transparency, and ethics. 💬 Influencer Insight: Changing Beauty Narratives Public figures like Darcey Silva and influencers across Europe are shifting from dramatic body alterations to more authentic, refined enhancements . Many are choosing to downsize  previous implants, prioritizing comfort and self-expression over flash. This evolution mirrors a wider lifestyle trend—where cosmetic surgery is no longer about vanity , but about self-care, wellness, and confidence. Turkey’s reputation as a leader in cosmetic surgery continues to soar in 2025. With advanced techniques, luxurious recovery environments, and experienced surgeons , it offers a compelling package. But the new narrative is clear: less is more, and personalization is everything. If you’re considering breast implants abroad, don’t just follow the trend— do it safely, and do it smartly.  Travel partners like Soraca Med  make that possible. _Daily Growth Insights

Hiroshima, Japan — August 6, 2025 Under the soft chime of peace bells and the somber silence of remembrance, the city of Hiroshima marked 80 years  since it was devastated by the world’s first atomic bomb. The ceremony, held at Hiroshima Peace Memorial Park , brought together survivors, youth delegates, and diplomats from around the world in a powerful appeal for nuclear disarmament . This year’s commemoration bore even greater urgency, as the world faces renewed threats of nuclear conflict amid Russia’s war in Ukraine  and escalating tensions in the Middle East . "A Legacy of Pain—and a Plea for Peace" At 8:15 a.m. , the exact time the bomb fell on August 6, 1945, a minute of silence was observed. Survivors, known as hibakusha , shared emotional testimonies as they urged global leaders to remember Hiroshima not as a relic of war, but as a warning for the future . “The silence of Hiroshima must never become the silence of the world,” said Mayor Kazumi Matsui , during his annual Peace Declaration.“The threat of nuclear war is no longer theoretical—it is immediate and real.” This year’s ceremony comes at a time of growing nuclear threats: Russia has repeatedly alluded to the possible use of tactical nuclear weapons in Ukraine. The Middle East remains volatile with reports of nuclear ambitions in Iran and heightened military activity in Israel and Lebanon. North Korea continues missile testing near Japanese waters. Japanese Prime Minister Fumio Kishida , himself from Hiroshima, used the occasion to reaffirm Japan’s anti-nuclear stance , calling for diplomatic unity at the upcoming United Nations General Assembly. Diplomatic delegations from over 90 countries attended, including envoys from the U.S., France, Germany, Brazil, and South Africa. Notably absent were representatives from Russia  and China , both nuclear powers facing criticism for their growing arsenals and aggressive rhetoric. A group of international students lit lanterns on the Motoyasu River, symbolizing prayers for peace. AI-generated reconstructions of Hiroshima’s 1945 ruins were also projected onto the Genbaku Dome in a poignant blend of history and technology. The Hiroshima Peace Memorial Museum announced a new global initiative—the Hibakusha Legacy Archive —to digitally preserve survivor testimonies in over 50 languages for future generations. Despite modern conflict and political gridlock, Hiroshima continues to stand as a moral compass for the world. As the city remembers the past, its leaders hope their voices will shape a future without nuclear weapons . _Daily Growth Insights

Wood has long been a symbol of nature, simplicity, and tradition — but what if it could also stop bullets? A new wave of scientific research is transforming humble lumber into something straight out of a sci-fi thriller. Engineers have successfully created “bulletproof wood” , a form of densified wood  that can absorb high-impact forces, including bullets, without splintering or breaking. The secret lies in removing lignin (the natural “glue” in wood) and compressing the structure to create a dense, super-strong material. How It Works? The process involves: Lignin Removal  – The wood is treated chemically to remove lignin, making it more pliable. Compression  – The wood is compressed under heat and pressure, significantly increasing its density and strength. Finishing  – Protective coatings are applied to preserve durability and moisture resistance. This innovation is more than a material novelty — it has major real-world applications : Military & Personal Armor : Lightweight bulletproof panels and shields Construction : Safer, stronger, and more eco-friendly building materials Automotive & Aerospace : High-strength parts with a reduced carbon footprint Unlike traditional materials like metal or synthetic composites, bulletproof wood is biodegradable , renewable , and far less energy-intensive to produce — making it a dream for sustainable design. As researchers fine-tune the technology, the commercial potential is massive. With proper scaling and regulatory approval, bulletproof wood could become a staple in everything from eco-homes to body armor. For now, it remains one of the most promising innovations bridging nature and next-gen technology. _Daily Growth Insights

According to a new report by Boston Consulting Group (BCG) , the rise of Generative AI  is not eliminating human jobs—it’s transforming them . As AI takes over repetitive and operational tasks, humans are shifting into higher-value roles involving strategic oversight , risk management , and orchestration . BCG’s findings highlight a future where humans and machines collaborate seamlessly, with AI generating ideas, insights, and automation at scale, while people steer direction, ensure ethical compliance, and align AI outputs with business goals. These evolving dynamics are creating demand for AI project leads , ethics officers , AI risk managers , and human-AI collaboration architects —roles that didn’t exist a few years ago. “The era of AI doesn’t mean less work for humans—it means smarter work,” BCG notes. “Businesses that can re-skill their workforce to complement AI  rather than compete with it will emerge as winners.” This shift is already visible across industries. In finance, AI handles data analysis, while human experts focus on interpreting outcomes and managing client trust. In marketing, AI writes first drafts and analyzes performance; marketers now guide tone, vision, and brand alignment. As AI grows in capability, so does the need for human judgment , contextual understanding , and strategic orchestration —skills that remain uniquely human. Companies are advised to invest in upskilling programs that nurture these capabilities, ensuring teams stay future-ready. _Daily Growth Insights

ISTANBUL, Turkey —  A 38-year-old British man, Martyn Latchman, tragically passed away in late July 2025 while preparing for his second hair transplant at the renowned Dr. Cinik clinic in Istanbul’s Beşiktaş district . According to official statements , Latchman became unexpectedly ill during the pre-operative phase— before the procedure had even begun . Despite undergoing all required medical tests (blood work, chest X-ray, ECG) and receiving clearance for surgery, he fell critically ill and was rushed to a nearby hospital’s intensive care unit, but could not be saved. The incident has triggered a formal investigation by Turkish health and judicial authorities. Clinic staff including the surgeon and anesthesiologist have been questioned, and Latchman’s body was sent to Turkey’s forensic institute for autopsy before being repatriated to the UK. The clinic has submitted all relevant medical documentation and stated it’s deeply saddened by the outcome. This tragedy raises urgent questions about patient safety and regulation  in Turkey’s booming medical tourism sector. With over one million cosmetic procedures performed annually—and hair transplants accounting for roughly 60% of the global market in Turkey—the incident underscores the need for stricter oversight amid rapid industry growth. _Daily Growth Insights

Exporting Turkish Tea Globally: A Practical Guide for Businesses Turkish tea , especially from Rize province, is increasingly capturing international markets. In the first half of 2025, Turkey exported approximately 3,000 metric tons  of tea to 104 countries , earning $16.9 million —a 5% volume and 22% value growth year-on-year. Traditional markets like Belgium, the UK, TRNC , and newer ones like UAE, Singapore, Egypt , and Vietnam  are opening doors for Turkish exporters. Why Export Turkish Tea? Unique flavor and heritage:  Turkish tea (mainly Rize black tea) is renowned for its cultural authenticity. Rising international demand:  Strong growth from high-income European countries and Middle East market. Supportive ecosystems:  State-backed export associations like DKIB enable promotion, branding, and logistics support. Export Essentials: Step-by-Step 1. Source & Quality Control Most exports originate from Rize , which generates nearly 58% of total export revenue. Focus on packaging and branding suited to tastes in target markets (e.g. loose-leaf, premium blends). 2. Legal & Compliance Requirements Register with Turkish customs and obtain export licenses via DKİB and TAREKS system. Prepare key documents: commercial invoice, bill of lading, certificate of origin, CE compliance labels, and phytosanitary certificates. 3. Shipping & Logistics Ensure export-grade packaging and arrange with reputable freight forwarders—especially for destinations like the UK or US. Include Incoterms clarity (e.g. FOB vs CIF) to define liability during transit. 4. Customs & Tariffs Under the EU–Turkey Customs Union, Turkish tea benefits from reduced tariffs into European markets—but exporters must meet EU quality standards and local regulations. 5. Marketing & Promotion Showcase tea at tasting events in target markets (e.g. Japan, Dubai) while promoting branded product lines and R&D-backed innovations. With rich quality, growing global awareness, and improving export infrastructure, Turkish tea remains a lucrative opportunity. Exporters focusing on compliance, market alignment, and brand development—especially from Rize—are best positioned to thrive in global trade. _Daily Growth Insights

Rio de Janeiro – August 5, 2025 BP (British Petroleum)  has confirmed a major oil and gas discovery in the Sergipe-Alagoas Basin , located off the northeast coast of Brazil. The find, described as BP’s largest hydrocarbon discovery in over 25 years , is expected to yield billions of barrels in reserves and marks a decisive shift in the energy giant’s long-term strategy. While BP had been gradually pivoting toward renewables over the past decade, this significant discovery signals a strategic return to fossil fuel exploration . According to CEO Murray Auchincloss , the company remains committed to net-zero ambitions, but acknowledges that "the world still needs hydrocarbons—responsibly sourced—for decades to come." BP holds a 40% operating stake in the block, partnered with Petrobras  and CNPC (China National Petroleum Corporation) . Preliminary estimates suggest production could begin by 2028 , supplying significant volumes to international markets. Global Energy Market Impact The announcement comes at a time when global oil supply remains tight amid geopolitical instability, particularly in the Middle East and Eastern Europe. Energy analysts expect the Brazil discovery to strengthen supply security  and rebalance future price pressures . “This is a major win not just for BP, but for Brazil as a rising energy exporter,”said Clara Mendes , an energy strategist at Latin Energy Watch. Brazil’s offshore reserves have increasingly attracted major international energy players, and this latest discovery may position the country among the top five offshore producers globally by 2030. Fossil Fuels vs Energy Transition BP’s pivot reflects a broader industry trend where energy companies are re-evaluating the pace of their renewable transitions in light of energy security challenges, slow grid modernization, and growing fossil fuel demand in emerging markets. The company emphasized that carbon mitigation efforts, including methane capture and CCS (carbon capture and storage),  will be embedded into the new project’s infrastructure. BP is expected to invest over $15 billion  in Brazil over the next decade, including infrastructure, local job creation, and sustainability safeguards. The company also hinted at further exploration in South America. This discovery could become a defining point in BP’s post-2020s strategy— balancing profit, security, and sustainability  in a complex global energy landscape. _Daily Growth Insights