Philippines Morning News For December 21

Philippines Morning News For December 21

Philippines morning newsCertain provisions in budget, TRAIN face Duterte veto
President Duterte might veto some provisions in the 2018 national budget and the tax reform act.

San Miguel buys Philippine power firm for $1.9B
Top Philippine conglomerate San Miguel Corp said Tuesday it has bought a power plant for $1.9 billion, adding to its burgeoning electricity generation assets.
GMA Network 

Philippines’ PLDT plans record $1 bln capex as telco competition rises
Philippine telecoms firm PLDT Inc will put aside a record high of at least 50 billion pesos ($994 million) for capital expenses next year as it braces for the arrival of a telco competitor, the company’s chairman said on Wednesday.

Philippine-bred varieties very popular abroad
High-value crops developed in the Philippines are surprising farmers around the world. Crops like the sinta papaya, a hybrid that was developed by the Institute of Plant Breeding at UP Los Baños. Newsbits.mb learned that this crop gave Pakistani farmers a big surprise.
Fresh Plaza

Economic Monitor: The Philippines’ punishing spending spree
Philippine stocks were up 15% on the MSCI Index through July as a leading Asia performer, as President Duterte mixed a clear anti-crime and drug campaign with muddled economic messages around his populist agenda for higher infrastructure and social spending.
Asia Times 

Duterte visits wake of cop, offers P500K for drug info
PRESIDENT Duterte visited yesterday the wake of a policeman killed in an anti-drug operation in Pasig City last Monday and offered P500,000 for information on those involved in illegal drug activities in the area.

Duterte’s disaster fund cut by P11 billion
Congress has reduced President Duterte’s national disaster risk reduction and management fund for next year by P11.1 billion, from P30.7 billion to P19.6 billion.

Social media wars, the PCOO and the President
WHEN the enemy was PinoyAko Blog, or Silent No More, or Madam Claudia, or even Maria Ressa and her Rappler gang, the disunity among pro-Duterte bloggers was portrayed as clear evidence that there is diversity, and hence an indication of being independent from and un-financed by Malacañang.
The Manila Times

DOH to check on reported Dengvaxia dengue vaccine deaths
The Department of Health (DOH) insisted yesterday there were no deaths related to Dengvaxia and that surveillance teams had been deployed to look into any report of dengue or severe dengue infection due to the vaccine.

‘PH won’t be an IS stronghold’
The Philippines will never be a stronghold of the terrorist group Islamic State (IS), President Rodrigo Duterte declared Wednesday.
The Manila Times

Lacson: China Telecom in PH a choice between national security, duopoly
“China Telecom: the heck of a choice between duopoly and national security. One is doom; the other, doomier. Isn’t there a third alternative?” Senator Panfilo Lacson said in his Twitter account.
Update Philippines 

Duterte vows to double soldiers’ pay next year
There is no way the Philippines can become a territory or “caliphate” of the Middle East-based Islamic State (IS), President Duterte said yesterday as he promised 100 percent increase in the salary of soldiers next year as well as generous cash assistance for wounded combatants in the battle to retake Marawi.

Labor to petition for new wage hike
ORGANIZED labor will file a petition for a new wage increase because of supervening conditions that will arise from the implementation of the new Tax Reform Acceleration and Inclusion (Train) Act effective January next year.
The Manila Times 

Power companies ink retail supply deal
Renewable energy firm Citicore Power, Inc., through its retail electricity supplier Citicore Energy Solutions, Inc. (CESI), has signed a power supply agreement with Ayala-led power generation company, AC Energy, for the latter’s retail energy supply business.

Fight to wipe out dengue just faced another setback
Break-bone fever is the world’s most pernicious mosquito-borne virus, afflicting as many as 400 million people a year – making the latest setback in the effort to stop the dengue scourge all the more frustrating.
Manila Bulletin

Duterte declares ceasefire with Reds
PRESIDENT Rodrigo Duterte ordered on Wednesday the suspension of military operations against communist rebels from December 24 to January 2, 2018, going against the recommendation of his security officials.
The Manila Times 

Clark airport terminal breaks ground
Construction of the New Terminal Building at the Clark International Airport has finally been set into motion.

Prepaid loads expiration extended to one year
Expiration period of prepaid loads will be extended up to one year with the new Joint Memorandum Circular of Department of Trade and Industry (DTI), Department of Information and Communications Technology (DICT), and National Telecommunication Commission (NTC).
Update Philippines 

Tropical Storm Tembin poses new threats to Philippines, Vietnam
Tropical Storm Tembin will threaten more lives and property across the southern Philippines into this weekend before targeting southern Vietnam around Christmas Day.
Accu Weather 


Feature photo Andy Maluche

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).

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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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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