US to export $3 B worth of agricultural goods to PH in 2018
As it sees its total agricultural exports going up to US$140 billion in 2018, the United States is expecting the Philippines to eat up a 2-percent share anew in its agriculture exports for next year.
— Minila Bulletin
Adamson U Grabs 2017 Cheerdance Title Despite Wardrobe Fail (HD video)
While cheerleading is primarily associated with America, it is also taken pretty seriously in the Philippines where an annual cheerdance competition attracts tens of thousands of spectators.
— AEC News Today
Duterte’s thinking about a revolution
Philippine President Rodrigo Duterte, elected on a firebrand populist ticket, is threatening to install a full-fledged authoritarian regime in response to rising criticism of his policies, including a lethal drug war that has cost thousands of lives.
— Asia Times
PHL seeks to strengthen economic relations with Hong Kong
The Philippines wants to attract more trade and investment from Hong Kong as it moves to further strengthen economic relations with the special administrative region.
— Business Mirror
7-Eleven Philippines extends e-commerce options
7-Eleven Philippines is using its 2,100 stores to take e-commerce to the country’s mass market with an offering localised to Filipino consumers, according to the company’s CEO.
Gov’t to put up ecozones in Marawi
The government plans to establish community-based economic zones within war-torn Marawi City to create jobs and livelihood for returning residents and ultimately help the city’s economy to recover, according to the Department of Finance (DOF).
Philippines seeks more foreign investors in telecom, says China in frontline
The Philippines will open up its telecommunications sector to more foreign investors, and an invitation by President Rodrigo Duterte isn’t just for Chinese companies, Economic Planning Secretary Ernesto Pernia said.
— Deal Street Asia
Investments in low-carbon bldgs in PHL could reach $2B in 2020
The International Finance Corp. (IFC) of the World Bank group on Monday said investment opportunities in low-carbon buildings in the country could reach $2 billion in 2020.
— Business Mirror
US convenes Mindanao business
The United States Agency for International Development (USAID) has gathered more than 100 business leaders and government officials to identify ways to promote investment and help rehabilitate Marawi City.
— Manila Bulletin
PH, US start talks to clinch bilateral free trade deal
Trade and Industry Undersecretary Ceferino Rodolfo has confirmed that the US and the Philippines have “begun discussions” on negotiating and concluding a possible bilateral free trade agreement.
China, Japan investments up, Korea down
Korean investments in the Philippines are shrinking, while Chinese investors are making their big comeback and the Japanese continue to see the country as an investment destination, data from two of the country’s largest investment promotion agencies showed.
Philippine president vows to get to the bottom of dengue vaccine ‘health scam’
The office of the Philippine president on Sunday (Dec 3) vowed to hold accountable those responsible for a suspended dengue immunisation programme, which it said placed thousands of lives at risk.
— The Straits Times
Turkey’s TİKA boosts aid programs in the Philippines
The Turkish Cooperation and Coordination Agency (TİKA) Philippines has successfully organized a medical mission in the district of Sampaloc, its fifth of the six scheduled sessions in capital Manila.
— Daily Sabah Turkey
Palace faults inflation for higher self-rated poverty
Malacañang on Sunday blamed the higher prices of goods and the depreciation of the peso for the increase in self-rated poverty as it vowed to work for an economic growth that would benefit all sectors.
47 percent of Filipinos say they are poor
Forty-seven percent of Filipinos consider themselves poor in the third quarter of the year, The Manila Times Online reported on Sunday, quoting the latest opinion survey conducted by the Social Weather Stations.
— Thai PBS
DTI eyes perks for shipbuilding
The Department of Trade and Industry (DTI) is planning to spur the local shipbuilding industry by providing a support package for the manufacture of small and medium-sized vessels for domestic use, its officials said.
Movement of free trade in PH put in back seat
The government’s focus on addressing social and political problems has put the movement of free trade in the Philippines in the back seat, an ex-official of the Department of Trade and Industry (DTI) said recently.
— The Manila Times
Time to consider the ICJ as China-PH next forum
The Vietnamese government must have been pleasantly surprised when after apologizing for the incident last Sepember, in which two Vietnamese fishermen were killed while poaching inside Philippine waters, President Rodrigo Duterte last Wednesday personally sent off the five other illegal fishermen who had been arrested and detained after the incident.
— The Manila Times
Duterte presidency anchored on anti-drug fight
With tightening local supply of narcotics and illegal substances, drug syndicates are now resorting to smuggling drugs from abroad.
— Gulf News
Feature photo Brian Evans
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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.