Philippines Morning News For April 10

Philippines Morning News For April 10

Philippines morning news

Factory output growth seen easing to 8.7%
Moody’s Analytics estimated ahead of official data that Philippine manufacturing output in February grew 8.7 percent, indicating a slowdown from a year earlier and the preceding month.
— The Manila Times

Phl auto industry still second fastest growing in Asia
The Philippine automotive industry maintained its position as the second fastest growing market in Southeast Asia despite a slowdown in sales in February, but lost its regional leadership in terms of motorcycle sales growth.
— Phil Star

The Philippines’ Economic and Political Relations With China
The focus of this article is a very complicated but important regional issue in ASEAN – the current state of the economic, trade and political relations between the Philippines and the Peoples Republic of China. The election of Philippine President Rodrigo Duterte in 2016 has in fact changed the strategy and effects of this relationship.
— Asean Briefing

$650-M investment pledges await Duterte’s visit to ME
President Rodrigo Duterte’s state visit to the Middle East is expected to yield $650 million with 18 companies signing memorandum of understanding (MOUs) for various investments in agricultural processing, tourism, food, and pharmaceutical projects with potential creation of 21,170 new jobs.
— Manila Bulletin

Duterte: Rush release of P6.5-B veterans’ pension
Calling all war veterans his heroes, President Duterte on Sunday ordered the Department of Budget and Management to speed up the release of increases in veterans’ pension totaling P6.5 billion.

Duterte to seek better conditions for OFWs in Mideast visit: analyst
President Rodrigo Duterte is poised to seek deals that would guarantee better working conditions for overseas Filipino workers when he visits the Middle East this Holy Week, an analyst said Sunday.

PSEi may attempt to break resistance at 7,667
THE benchmark PSEi is likely to attempt piercing the resistance level at 7,667, fueled by the recently concluded Asean Finance Ministers’ meeting in Cebu City, where the Philippines bagged business pacts with peer countries.
— The Manila Times

US Embassy warns vs travel to Central Visayas
The United States Embassy in Manila on Sunday warned Americans to be careful in traveling to Central Visayas, citing “unsubstantiated yet credible information” that terrorist groups may attempt to conduct kidnappings there

P8 billion to P21billion DAP funds missing
I APPLAUD President Duterte’s recent tirade against his predecessor Benigno S. Aquino 3rd and the latter’s budget secretary, Florencio Abad, over their Disbursement Acceleration Program (DAP), which was really an unprecedented, mammoth hijacking of government funds.
— The Manila Times

Britpart inaugurates pioneering depot in Philippines, Asean
GLOBAL car-parts distributor and manufacturer Britpart recently opened its first depot in the Philippines, strengthening the country’s bilateral tie with the United Kingdom (UK), and at the same time, making it the regional hub for its operations.
— Business Mirror

Batangas poised to declare state of calamity due to quakes
The provincial government is poised to declare a state of calamity in Batangas, following a week marked by damaging earthquakes and over 5,000 residents evacuated to safer ground just last Saturday.
— Manila Bulletin

BRP-Malapascua blessed, to sail to Bohol to secure Asean delegates
The Philippine Coast Guard’s new vessel, the BRP-Malapascua is set to help secure the seas in Bohol where another set of Asean meetings will be held this month.

PHL hosting of ASEAN Summit seen to boost Cordillera agriculture, tourism
The Cordillera region will benefit in the country’s hosting of the ASEAN Summit this year.
— Northbound Philippines News

A plastic solution for the Philippines’ trash dilemma
Ziggie Gonzales’ disdain for plastic was born in the sea. The keen surfer grew tired of sharing his waves with rubbish, the polluted products of the Philippines’ plastic addiction.
— Channel NewsAsia

Duterte keeps ‘very good’ net satisfaction rating: SWS
President Rodrigo Duterte maintained his “very good” net satisfaction rating in the first quarter, as growing support in his bailiwick Mindanao offset a decline in Luzon, according to results of an opinion poll released on Monday.

Shares open higher, peso strengthens ahead of Holy Week break
Shares opened higher on Monday, with investors seen staying on the sidelines during the three-day trading week.

‘Yellow’ power alert raised in Luzon
A “yellow” power alert was raised in Luzon on Monday, meaning there was not enough reserve capacity, the National Grid Corp said.

Philippine, Vietnamese navies boost ties in goodwill visit
A ship of the Vietnam People’s Navy (VPN) docked at the Manila South Harbor on Saturday, April 8, for a goodwill visit to the country.
— Rappler

Bataan survivors mark 75th anniversary of surrender in the Philippines
It’s been 75 years since Oscar Leonard fought alongside his American and Filipino buddies, affectionately known as the “Battling Bastards of Bataan.”
— Stars and Stripes

Taiwan, PH bolster fisheries enforcement
The Republic of China (Taiwan) and the Republic of the Philippines held the third technical working group (TWG) meeting under their bilateral agreement on law enforcement cooperation in fisheries matters whereas the two sides conducted in-depth discussions and reached consensus on various important issues, thereby further advancing bilateral relations and strengthening future law enforcement cooperation in fisheries matters.
— The Manila Times

Duterte: It is our sacred duty to promote peace, development
War is never worth it, regardless of the spoils, President Duterte declared in pushing for peaceful settlement of conflicts among nations.
— Manila Bulletin

Mober counting on more partnerships to boost growth in Philippines
MOBER Technology Pte, Inc. is counting on more partnerships to expand the reach of the country’s first on-demand mobile delivery start-up.
— BusinessWorld Online


Feature photo Danny O
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).


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Philippines morning news by AEC News Today is your one stop source for Philippines news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.




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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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