Philippines Morning News For April 19

Philippines Morning News For April 19

Philippines morning news

$200 M Panda bonds slated for H2
Finance Secretary Carlos Dominguez III said the government may issue Panda bonds or yuan-denominated securities in the second half of the year.
— The Philippine Star

Philippine economy to lead Southeast Asia growth, IMF says
The Philippine economy will lead Southeast Asia in terms of growth in the next two years due to higher public spending and robust consumption, the International Monetary Fund said.

PH economy grows 7% in Q1 on strong consumption, gov’t spending
The Philippine economy likely expanded 7 percent in the first quarter of 2017 on the back of increased government spending and strong domestic consumption, according to the country’s chief economist.
— Manila Bulletin

GT Capital to raise Metrobank stake by 9.6%
GT CAPITAL Holdings, Inc. is increasing its stake in banking arm Metropolitan Bank and Trust Company to 36%, as it signed a deal to acquire shares from various Ty family-owned companies for around P24.67 billion.
— BusinessWorld Online

Whistleblowers expose Philippines’ war on drugs
The Philippine police have received cash payments for executing drug suspects, planted evidence at crime scenes and carried out most of the killings they have long blamed on vigilantes, said two senior officers who are critical of President Rodrigo Duterte’s “war on drugs.”
— Bangkok Post

Philippines: GT Capital invests $483m in Metrobank, ups stake by 9.6%
Philippine conglomerate GT Capital Holdings Inc is increasing its stake in Metropolitan Bank & Trust Company by making fresh investments of up to $483 million (P24.72 billion), the company said.
— Deal Street Asia

Police describe kill rewards, staged crime scenes in Duterte’s drug war
The Philippine police have received cash payments for executing drug suspects, planted evidence at crime scenes and carried out most of the killings they have long blamed on vigilantes, said two senior officers who are critical of President Rodrigo Duterte’s “war on drugs.”
— Channel NewsAsia

Exports likely to recover – DTI
The Department of Trade and Industry (DTI) is optimistic on seeing a continued recovery of the country’s exports this year and expects a strong growth finish for 2017.
— The Philippine Star

Metro Manila subway, Mindanao rail on Duterte’s build list
President Rodrigo Duterte will oversee the construction of the first subway system in the capital and the first railway in Mindanao, as part of a broad infrastructure overhaul designed to sustain robust economic growth, officials said Tuesday.

Supreme Court stops QC from collecting higher realty tax
The Supreme Court on Tuesday halted Quezon City’s realty tax hike that took effect in January, but the order may be of little help for property owners who have already settled this annual obligation partly or in full.
— BusinessWorld Online

DPWH: Multi-billion peso infra projects set to start this year
The Department of Public Works and Highways (DPWH) has revealed the government’s multi-billion infrastructure projects that would be undertaken starting this year.
— Manila Bulletin

Economic managers back ‘timely’ rice importation: NEDA
The National Economic and Development Authority (NEDA) is pushing for “timely” importation of rice to achieve self-sufficiency in the grain in the short to medium term.
— Manila Bulletin

Govt’s P8.4T infra spending to boost GDP, create jobs
THE government’s ambitious six-year infrastructure spending program of P8.4 trillion could boost the country’s real gross domestic product (GDP) by 3.4 percent and translate to 1.06 million additional jobs every year until 2022, the National Economic and Development Authority (NEDA) said.
— The Manila Times

SWS: Public satisfaction with war on drugs falls
Fewer Filipinos are satisfied with the Duterte administration’s campaign against illegal drugs, as they express worry that they will fall victim to extrajudicial killings, according to the latest survey by Social Weather Stations (SWS).

Military, police given deadline to move into government housing
The Armed Forces of the Philippines (AFP) and the Philippine National Police (PNP) have until June 15 to decide whether or not to use vacant government housing units allocated for them.
— The Philippine Star

UP community blasts honorary degree for Duterte
The University of the Philippines (UP) community expressed disappointment over the decision of its Board of Regents (BOR) to confer an honorary degree to President Duterte.

Ivanka Trump’s brand strengthens in Philippines, other countries
Since her father was elected president of the United States, global sales of Ivanka Trump merchandise have surged and her company has applied for at least nine new trademarks in the Philippines, Puerto Rico, Canada and the U.S. The commercial engine of the first daughter’s brand is stronger than ever even as she builds a new political career from her West Wing office.
— The Philippine Star

Free Public Universities in the Philippines
The Philippines Senate unanimously passed the Affordable Higher Education for All Act, which will give free tuition to students at all state universities and colleges.
— Masterstudies News (blog)


Feature photo Danny O
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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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